Recent Analysts’ Ratings Changes for Frontier Communications Corporation (FTR)

A number of research firms have changed their ratings and price targets for Frontier Communications Corporation (NASDAQ: FTR):

  • 7/17/2017 – Frontier Communications Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We are impressed with the company's focus to rake in more profits through customer retention, market share gain, new product introductions, broadband expansion and improved sales and marketing initiatives. The company is trying to derive benefits from the growing Business Service Segment. Meanwhile, foraying into North Carolina through the rollout of ‘Vantage TV’ IPTV and broadband services also bode well. Howover, the company continues to suffer from the loss of legacy fixed telephony business to wireless and decline in access lines and wireless backhaul revenues due to customer migration to Ethernet solutions at lower price points. Reports about outages, bad telephone service and problems with billing have sprouted. Over the past three months, the stock price moved down 49.22% whereas the Zacks Wireline–Regional (Rural) industry declined 27.63%.”
  • 7/14/2017 – Frontier Communications Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. According to Zacks, “We are impressed with the company's focus to rake in more profits through customer retention, market share gain, new product introductions, broadband expansion and improved sales and marketing initiatives. The company is trying to derive benefits from the growing Business Service Segment. Meanwhile, foraying into North Carolina through the rollout of ‘Vantage TV’ IPTV and broadband services also bode well. Howover, the company continues to suffer from the loss of legacy fixed telephony business to wireless and decline in access lines and wireless backhaul revenues due to customer migration to Ethernet solutions at lower price points. Reports about outages, bad telephone service and problems with billing have sprouted. Over the past three months, the stock price moved down 52.43% failing to beat the Zacks Wireline–Regional (Rural) industry's 268.90% growth.”
  • 7/13/2017 – Frontier Communications Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/11/2017 – Frontier Communications Corporation was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/6/2017 – Frontier Communications Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We are impressed with the company's focus to rake in more profits through customer retention, market share gain, new product introductions, broadband expansion and improved sales and marketing initiatives. The company is trying to derive benefits from the growing Business Service Segment. Meanwhile, foraying into North Carolina through the rollout of ‘Vantage TV’ IPTV and broadband services also bode well. Howover, the company continues to suffer from the loss of legacy fixed telephony business to wireless and decline in access lines and wireless backhaul revenues due to customer migration to Ethernet solutions at lower price points. Reports about outages, bad telephone service and problems with billing have sprouted. Over the past three months, the stock price moved down 43.69% compared with the Zacks Wireless–Regional (Rural) industry's 22.16% fall.”
  • 7/5/2017 – Frontier Communications Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $1.25 price target on the stock. According to Zacks, “We are impressed with the company's focus to rake in more profits through customer retention, market share gain, new product introductions, broadband expansion and improved sales and marketing initiatives. The company is trying to derive benefits from the growing Business Service Segment. Meanwhile, foraying into North Carolina through the rollout of ‘Vantage TV’ IPTV and broadband services also bode well. Howover, the company continues to suffer from the loss of legacy fixed telephony business to wireless and decline in access lines and wireless backhaul revenues due to customer migration to Ethernet solutions at lower price points. Reports about outages, bad telephone service and problems with billing have sprouted. Over the past three months, the stock price declined by 43.81% compared with the Zacks Wireless–Regional (Rural) industry's 23.25% fall.”
  • 6/20/2017 – Frontier Communications Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/14/2017 – Frontier Communications Corporation had its price target lowered by analysts at Morgan Stanley from $2.30 to $1.50. They now have an “equal weight” rating on the stock.

Frontier Communications Corporation (FTR) traded down 1.95% during midday trading on Monday, reaching $14.56. 1,775,615 shares of the company traded hands. The firm’s market capitalization is $1.14 billion. The company’s 50-day moving average price is $17.27 and its 200 day moving average price is $32.47. Frontier Communications Corporation has a 12 month low of $13.13 and a 12 month high of $78.30.

Frontier Communications Corporation (NASDAQ:FTR) last released its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.03. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Frontier Communications Corporation had a negative net margin of 2.65% and a positive return on equity of 0.19%. On average, equities analysts anticipate that Frontier Communications Corporation will post ($3.85) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.16 annualized dividend and a dividend yield of 1.10%. Frontier Communications Corporation’s payout ratio is currently -38.11%.

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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