Is Frontier Communications Corp’s Fuel Running Low? The Stock Just Declined Again

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The stock of Frontier Communications Corp (NASDAQ:FTR) is a huge mover today! The stock decreased 4.29% or $0.2 on December 11, hitting $4.57. About 19.04 million shares traded hands or 37.37% up from the average. Frontier Communications Corp (NASDAQ:FTR) has declined 21.75% since May 11, 2015 and is downtrending. It has underperformed by 17.33% the S&P500.
The move comes after 7 months negative chart setup for the $5.70B company. It was reported on Dec, 12 by We have $4.25 PT which if reached, will make NASDAQ:FTR worth $399.00M less.

Out of 14 analysts covering Frontier Communications (NASDAQ:FTR), 13 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. Frontier Communications was the topic in 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc.

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.” Get a free copy of the Zacks research report on Frontier Communications Corp (FTR).

The institutional sentiment decreased to 1.04 in 2015 Q3. Its down 0.51, from 1.55 in 2015Q2. The ratio is negative, as 79 funds sold all Frontier Communications Corp shares owned while 173 reduced positions. 56 funds bought stakes while 205 increased positions. They now own 797.82 million shares or 1.23% less from 807.72 million shares in 2015Q2.

Tipp Hill Capital Management Llc holds 5.11% of its portfolio in Frontier Communications Corp for 1.05 million shares. Majedie Asset Management Ltd owns 5.84 million shares or 4.34% of their US portfolio. Moreover, Trust & Fiduciary Management Services Inc has 2.67% invested in the company for 741,742 shares. The California-based Doheny Asset Management Ca has invested 2.56% in the stock. Wealthtrust Axiom Llc, a Pennsylvania-based fund reported 1.24 million shares.

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