Headlines about Frontier Communications Corporation (NASDAQ:FTR) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Frontier Communications Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.6418247250026 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Investment Research Analysts Opinion: Targa Resources Corp. (TRGP), Frontier Communications Corporation (FTR) – HiTechFacts (hitechfacts.com)
- Frontier Communications Corporation Sees Unusually Large Options Volume (FTR) (americanbankingnews.com)
- UBS AG Reaffirms “Neutral” Rating for Frontier Communications Corporation (NASDAQ:FTR) (expressnewsline.com)
- Frontier Communications Corporation (NASDAQ:FTR) Downgraded by Hilliard Lyons (fishinghd.com)
- Frontier Communications Corporation 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
Shares of Frontier Communications Corporation (NASDAQ FTR) opened at 13.56 on Friday. The firm’s market cap is $1.06 billion. The stock’s 50 day moving average price is $15.15 and its 200 day moving average price is $5.46. Frontier Communications Corporation has a 12 month low of $13.13 and a 12 month high of $72.00. Frontier Communications Corporation also saw unusually large options trading on Wednesday. Stock traders bought 14,869 put options on the company. This is an increase of approximately 627% compared to the typical daily volume of 2,044 put options.
Frontier Communications Corporation (NASDAQ:FTR) last released its earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($1.07) by $0.03. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the business earned ($0.29) EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Equities research analysts predict that Frontier Communications Corporation will post ($3.93) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 17.70%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Frontier Communications Corporation’s previous quarterly dividend of $0.04. Frontier Communications Corporation’s dividend payout ratio (DPR) is currently -16.65%.
A number of equities analysts recently commented on the company. UBS AG cut Frontier Communications Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.50 to $2.00 in a report on Wednesday, May 3rd. Cowen and Company cut Frontier Communications Corporation from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $4.00 to $2.00 in a research note on Wednesday, May 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a $2.00 price objective (down previously from $3.00) on shares of Frontier Communications Corporation in a research note on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $4.00 price objective (up previously from $3.50) on shares of Frontier Communications Corporation in a research note on Friday, April 28th. Finally, Zacks Investment Research upgraded Frontier Communications Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.11.
Frontier Communications Corporation Company 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).
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