RFG Advisory LLC Purchases Shares of 33,711 Frontier Communications Corp (FTR)

RFG Advisory LLC purchased a new position in Frontier Communications Corp (NASDAQ:FTR) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 33,711 shares of the utilities provider’s stock, valued at approximately $67,000.

Several other large investors also recently made changes to their positions in FTR. BlackRock Inc. lifted its position in shares of Frontier Communications by 32.8% in the third quarter. BlackRock Inc. now owns 16,286,094 shares of the utilities provider’s stock worth $105,696,000 after buying an additional 4,021,298 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Frontier Communications by 21.2% in the third quarter. Vanguard Group Inc now owns 11,355,181 shares of the utilities provider’s stock worth $73,695,000 after buying an additional 1,985,632 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Frontier Communications by 21.2% in the third quarter. Vanguard Group Inc. now owns 11,355,181 shares of the utilities provider’s stock worth $73,695,000 after buying an additional 1,985,632 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Frontier Communications by 1,824.6% in the fourth quarter. Two Sigma Investments LP now owns 1,452,809 shares of the utilities provider’s stock worth $3,458,000 after buying an additional 1,377,322 shares during the last quarter. Finally, Restructuring Capital Associates LP lifted its position in shares of Frontier Communications by 80.0% in the fourth quarter. Restructuring Capital Associates LP now owns 2,700,000 shares of the utilities provider’s stock worth $6,426,000 after buying an additional 1,200,000 shares during the last quarter. 78.23% of the stock is owned by institutional investors.

NASDAQ FTR opened at $2.64 on Monday. Frontier Communications Corp has a twelve month low of $1.81 and a twelve month high of $11.64. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 10.22. The stock has a market cap of $278.04 million, a P/E ratio of -1.97 and a beta of 1.07.

Frontier Communications (NASDAQ:FTR) last posted its quarterly earnings data on Tuesday, February 26th. The utilities provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Frontier Communications had a negative return on equity of 0.62% and a negative net margin of 7.47%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm posted ($0.59) EPS. Frontier Communications’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, analysts expect that Frontier Communications Corp will post -1.22 EPS for the current year.

A number of analysts have weighed in on the company. BidaskClub cut Frontier Communications from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Zacks Investment Research cut Frontier Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Royal Bank of Canada reissued a “hold” rating and set a $3.00 price objective on shares of Frontier Communications in a research report on Wednesday, February 27th. Cowen reissued a “hold” rating and set a $3.00 price objective on shares of Frontier Communications in a research report on Wednesday, February 27th. Finally, Raymond James cut Frontier Communications from an “outperform” rating to a “market perform” rating and set a $2.51 price objective for the company. in a research report on Tuesday, February 19th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Frontier Communications currently has a consensus rating of “Hold” and an average target price of $3.47.

ILLEGAL ACTIVITY WARNING: “RFG Advisory LLC Purchases Shares of 33,711 Frontier Communications Corp (FTR)” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://sportsperspectives.com/2019/04/29/rfg-advisory-llc-purchases-shares-of-33711-frontier-communications-corp-ftr.html.

About Frontier Communications

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper-based networks to consumer customers. The company also provides Ethernet and traditional circuit-based services; software defined wide area network, managed Wi-Fi and cloud IT solutions, voice and Unified Communications as a Service (UCaaS), and Voice over Internet Protocol (VoIP) services, as well as hardware and network solutions and services to small and medium business, and large enterprises.

Featured Story: Convertible Shares

Want to see what other hedge funds are holding FTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontier Communications Corp (NASDAQ:FTR).

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

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