Ownership Don’t Lie: Frontier Communications Corp (NASDAQ:FTR) Institutional Investor Positioning Change

November 25, 2016 - By Adrian Mccoy   ·   0 Comments

Ownership Don't Lie: Frontier Communications Corp (NASDAQ:FTR) Institutional Investor Positioning Change

Sentiment for Frontier Communications Corp (NASDAQ:FTR)

Frontier Communications Corp (NASDAQ:FTR) institutional sentiment decreased to 1.24 in Q2 2016. Its down -0.14, from 1.38 in 2016Q1. The ratio dropped, as 264 investment managers started new and increased equity positions, while 191 sold and trimmed holdings in Frontier Communications Corp. The investment managers in our partner’s database now possess: 757.61 million shares, down from 774.76 million shares in 2016Q1. Also, the number of investment managers holding Frontier Communications Corp in their top 10 equity positions decreased from 7 to 3 for a decrease of 4. Sold All: 54 Reduced: 137 Increased: 202 New Position: 62.

Frontier Communications Corporation offers a range of voice, data, and video services and products. The company has a market cap of $4.36 billion. The Firm offers a portfolio of communications services for residential and business clients in each of its markets. It currently has negative earnings. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services.

The stock increased 1.93% or $0.07 during the last trading session, hitting $3.69. About 4.98M shares traded hands. Frontier Communications Corp (NASDAQ:FTR) has declined 35.70% since April 22, 2016 and is downtrending. It has underperformed by 41.11% the S&P500.

Analysts await Frontier Communications Corp (NASDAQ:FTR) to report earnings on February, 28. They expect $-0.04 earnings per share, down 180.00% or $0.09 from last year’s $0.05 per share. After $-0.04 actual earnings per share reported by Frontier Communications Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Frontier Communications Corporation operates as a communications company providing services primarily to rural areas and small and medium-sized towns and cities in the United States. The Company offers a variety of voice, data, Internet, and television services and products. It also provides local and long distance voice services, enhanced services, long distance network services and packages of communications services. Frontier Communications Corporation is based in Stamford, Connecticut.”

Seatown Holdings Pte. Ltd. holds 6.02% of its portfolio in Frontier Communications Corp for 3.95 million shares. Act Ii Management Lp owns 1.12 million shares or 4.4% of their US portfolio. Moreover, Majedie Asset Management Ltd has 3.65% invested in the company for 4.47 million shares. The Pennsylvania-based Wealthtrust Axiom Llc has invested 2.29% in the stock. Doheny Asset Management Ca, a California-based fund reported 904,860 shares.#img1#

Frontier Communications Corp (NASDAQ:FTR) Ratings Coverage

Ratings analysis reveals 36% of Frontier Communications’s analysts are positive. Out of 11 Wall Street analysts rating Frontier Communications, 4 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $5.40 while the high is $7. The stock’s average target of $6.02 is 63.14% above today’s ($3.69) share price. FTR was included in 15 notes of analysts from August 4, 2015. The stock has “Neutral” rating given by Macquarie Research on Tuesday, September 6. The firm has “Underperform” rating by Macquarie Research given on Monday, July 11. As per Wednesday, November 2, the company rating was downgraded by Deutsche Bank. The stock has “Overweight” rating given by JP Morgan on Tuesday, August 4. The stock of Frontier Communications Corp (NASDAQ:FTR) has “Sector Perform” rating given on Tuesday, September 22 by RBC Capital Markets. The stock of Frontier Communications Corp (NASDAQ:FTR) earned “Outperform” rating by Cowen & Co on Tuesday, October 13. The rating was maintained by Macquarie Research on Thursday, September 3 with “Outperform”. As per Wednesday, March 9, the company rating was downgraded by Citigroup. Morgan Stanley downgraded Frontier Communications Corp (NASDAQ:FTR) rating on Monday, July 18. Morgan Stanley has “Equal-Weight” rating and $5.40 price target. The stock has “Outperform” rating given by Raymond James on Tuesday, August 2.

FTR Company Profile

Frontier Communications Corporation (Frontier), incorporated on November 12, 1935, offers a range of voice, data, and video services and products. The Firm offers a portfolio of communications services for residential and business clients in each of its markets. The Firm conducts business with both residential and business customers. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services. It offers these services both on a standalone basis and as bundled packages that are designed to simplify customer purchasing decisions. Frontier provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. It provides data and Internet services; local and long distance wireline voice services to residential and business clients in its service areas; network access to interexchange carriers for origination and termination of long distance voice and data traffic; sales of its own and third-party video services, and sales of customer premise equipment.

More news for Frontier Communications Corp (NASDAQ:FTR) were recently published by: Fool.com, which released: “Better Buy: Frontier Communications Corp vs. T-Mobile US Inc” on November 18, 2016. Fool.com‘s article titled: “Why Frontier Communications Corp. Got Hammered” and published on November 02, 2016 is yet another important article.

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By Adrian Mccoy


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