An issue of Frontier Communications Corp (NASDAQ:FTR) bonds fell 3.3% as a percentage of their face value during trading on Thursday. The debt issue has a 10.5% coupon and is set to mature on September 15, 2022. The bonds in the issue are now trading at $78.50 and were trading at $82.88 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its share price.
FTR has been the topic of a number of analyst reports. BidaskClub raised Frontier Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Vetr cut Frontier Communications from a “strong-buy” rating to a “buy” rating and set a $13.35 price objective on the stock. in a research report on Tuesday, October 31st. Zacks Investment Research raised Frontier Communications from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Tuesday, January 9th. Cowen reaffirmed a “hold” rating and set a $14.00 price objective on shares of Frontier Communications in a research report on Thursday, October 19th. Finally, Gabelli cut Frontier Communications from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Frontier Communications currently has a consensus rating of “Hold” and an average target price of $9.49.
Frontier Communications Corp (FTR) traded down $0.52 during midday trading on Thursday, reaching $7.15. The company had a trading volume of 2,594,590 shares, compared to its average volume of 2,710,000. 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 Corp has a one year low of $6.08 and a one year high of $51.30. The stock has a market cap of $560.97, a PE ratio of -0.52 and a beta of 0.67.
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Frontier Communications 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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