Frontier Communications Corp Given Average Recommendation of “Hold” by Analysts (NYSE:FTR)
Frontier Communications Corp (NYSE:FTR) has received a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Analyst Ratings News reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $5.69.
Shares of Frontier Communications Corp (NYSE:FTR) opened at 6.70 on Friday. Frontier Communications Corp has a one year low of $4.09 and a one year high of $7.24. The stock has a 50-day moving average of $6.22 and a 200-day moving average of $5.68. The company has a market cap of $6.714 billion and a price-to-earnings ratio of 37.53.
Frontier Communications Corp (NYSE:FTR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter 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. 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 5.97%. The ex-dividend date is Wednesday, September 10th.
FTR has been the subject of a number of recent research reports. 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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