Jefferies Group Downgrades Frontier Communications Corp to Hold (FTR)
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein initiated coverage on shares of Frontier Communications Corp in a research note on Thursday, May 22nd. They set a “market perform” rating on the stock. Separately, analysts at Bernstein initiated coverage on shares of Frontier Communications Corp in a research note on Wednesday, May 21st. They set a “market perform” rating and a $7.00 price target on the stock. Finally, analysts at Gabelli downgraded shares of Frontier Communications Corp from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.64.
Shares of Frontier Communications Corp (NYSE:FTR) opened at 5.72 on Friday. Frontier Communications Corp has a 52-week low of $3.80 and a 52-week high of $6.10. The stock has a 50-day moving average of $5.87 and a 200-day moving average of $5.1. The company has a market cap of $5.733 billion and a P/E ratio of 58.90.
Frontier Communications Corp (NYSE:FTR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts predict that Frontier Communications Corp will post $0.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.99%. The ex-dividend date is Thursday, June 5th.
Frontier Communications Corporation is a communications company. The Company is engaged in providing services predominantly to rural areas and small and medium-sized towns and cities in the United States.
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