Frontier Communications Corporation (FTR) Shares Sold by Opera Trading Capital

Opera Trading Capital lessened its position in shares of Frontier Communications Corporation (NASDAQ:FTR) by 92.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,000 shares of the utilities provider’s stock after selling 460,000 shares during the quarter. Opera Trading Capital owned 0.05% of Frontier Communications Corporation worth $472,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fiera Capital Corp purchased a new stake in Frontier Communications Corporation during the 2nd quarter valued at about $905,000. Tudor Investment Corp ET AL grew its stake in Frontier Communications Corporation by 259.9% during the 1st quarter. Tudor Investment Corp ET AL now owns 142,872 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 103,170 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Frontier Communications Corporation by 9.9% in the second quarter. Vanguard Group Inc. now owns 116,799,968 shares of the utilities provider’s stock worth $135,488,000 after buying an additional 10,474,703 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Frontier Communications Corporation by 53.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 381,695 shares of the utilities provider’s stock worth $443,000 after buying an additional 132,156 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Frontier Communications Corporation by 43.8% in the second quarter. Northern Trust Corp now owns 17,209,093 shares of the utilities provider’s stock worth $19,963,000 after buying an additional 5,238,840 shares during the last quarter.

A number of analysts have recently commented on FTR shares. Royal Bank Of Canada restated a “hold” rating and issued a $16.00 target price on shares of Frontier Communications Corporation in a research note on Sunday, September 17th. BidaskClub downgraded Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded Frontier Communications Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. UBS AG restated a “neutral” rating and issued a $15.00 target price (down previously from $26.25) on shares of Frontier Communications Corporation in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $25.00 target price (down previously from $30.00) on shares of Frontier Communications Corporation in a research note on Wednesday, August 2nd. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $9.93.

Frontier Communications Corporation (NASDAQ FTR) traded down $1.19 during trading hours on Monday, hitting $6.77. The company had a trading volume of 8,011,800 shares, compared to its average volume of 2,823,098. Frontier Communications Corporation has a 12-month low of $6.72 and a 12-month high of $57.30. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.16.

Frontier Communications Corporation (NASDAQ:FTR) last posted its earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.01. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Frontier Communications Corporation had a negative return on equity of 1.97% and a negative net margin of 9.17%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.64) earnings per share. equities research analysts anticipate that Frontier Communications Corporation will post -4.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.40 annualized dividend and a yield of 35.45%. Frontier Communications Corporation’s dividend payout ratio (DPR) is -17.45%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Markets Daily and is owned by of Markets Daily. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/11/13/frontier-communications-corporation-ftr-shares-sold-by-opera-trading-capital.html.

Frontier Communications Corporation Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

Institutional Ownership by Quarter for Frontier Communications Corporation (NASDAQ:FTR)

Receive News & Ratings for Frontier Communications Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply