Frontier Communications Corp Receives Consensus Recommendation of “Hold” from Analysts (NYSE:FTR)
Shares of Frontier Communications Corp (NYSE:FTR) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, StockRatingsNetwork reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.69.
Frontier Communications Corp (NYSE:FTR) traded down 0.75% on Friday, hitting $6.59. 1,483,074 shares of the company’s stock traded hands. Frontier Communications Corp has a 52 week low of $4.09 and a 52 week high of $7.24. The stock’s 50-day moving average is $6.19 and its 200-day moving average is $5.63. The company has a market cap of $6.604 billion and a P/E ratio of 37.30.
Frontier Communications Corp (NYSE:FTR) last released its earnings data on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that Frontier Communications Corp will post $0.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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 6.02%. The ex-dividend date is Wednesday, September 10th.
A number of research firms have recently commented on FTR. 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, July 31st. Separately, 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.
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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