Frontier Communications Corp (FTR) to Release Quarterly Earnings on Tuesday
Frontier Communications Corp (NYSE:FTR) will be announcing its Q214 earnings results on Tuesday, August 5th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $1.15 billion for the quarter.
Shares of Frontier Communications Corp (NYSE:FTR) traded up 0.84% during mid-day trading on Monday, hitting $6.5345. 2,608,906 shares of the company’s stock traded hands. Frontier Communications Corp has a one year low of $4.09 and a one year high of $7.24. The stock’s 50-day moving average is $5.87 and its 200-day moving average is $5.4. The company has a market cap of $6.549 billion and a P/E ratio of 64.80.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Wednesday, September 10th.
Several analysts have recently commented on the stock. Analysts at Macquarie raised their price target on shares of Frontier Communications Corp from $4.60 to $5.10 in a research note on Thursday. On a related note, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Frontier Communications Corp in a research note on Wednesday, July 30th. They now have a $4.50 price target on the stock, up previously from $3.50. Finally, analysts at Nomura downgraded shares of Frontier Communications Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $7.50 price target on the stock, up previously from $6.00. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Frontier Communications Corp has an average rating of “Hold” and a consensus price target of $5.73.
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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