Frontier Communications (FTR) Receives Daily Media Impact Score of 0.16

Press coverage about Frontier Communications (NASDAQ:FTR) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. 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 earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.0487549062549 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Frontier Communications (NASDAQ:FTR) opened at $10.05 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.16. Frontier Communications has a fifty-two week low of $6.08 and a fifty-two week high of $57.30.

Frontier Communications (NASDAQ:FTR) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported ($0.94) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.95) by $0.01. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Frontier Communications had a negative return on equity of 1.97% and a negative net margin of 9.17%. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.64) EPS. equities analysts anticipate that Frontier Communications will post -4.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 23.88%. The ex-dividend date is Thursday, December 14th. Frontier Communications’s dividend payout ratio is -17.38%.

FTR has been the subject of several research analyst reports. BidaskClub raised Frontier Communications from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Deutsche Bank reduced their price objective on Frontier Communications from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. Zacks Investment Research downgraded Frontier Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine lowered Frontier Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co lowered Frontier Communications from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $17.00 to $8.00 in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.46.

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About Frontier Communications

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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