Can Frontier Communications Corporation's (FTR) Financial Health Cause Trouble In The Future?
Apr 20 2017
Macquarie's price objective indicates a potential upside of 36.60% from the company's current price. While even FTR's debt-to-equity ratio of 396.9% doesn't pass my criterion of below the 40% figure, a better opinion should be based after also assessing its current assets and earnings. Finally, Bank of America Corp downgraded Frontier Communications Corp from a "buy" rating to a "neutral" rating and set a $2.50 target price for the company.in a report on Tuesday, March 7th. Frontier Communications Corporation (NASDAQ:FTR) now has a Piotroski F-Score of 4. The stock as of last trading session moved 1.04% up from its 52 week low and was -62.17% behind its 52 week high. LMR Partners LLP raised its stake in shares of Frontier Communications Corporation by 33.3% in the second quarter. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.00 on scale of 1-5.
Frontier Communications Corporation (FTR) now has a consensus Price Target of $3.18.
Frontier Communications Corp (NASDAQ:FTR) opened at 1.94 on Monday.
Frontier Communications Corporation (NASDAQ:FTR) now has a 6 month price index of 0.52567. The firm earned $2.41 billion during the quarter, compared to analysts' expectations of $2.50 billion. The company has a 50-day moving average of $2.30 and a 200-day moving average of $3.25.
Many analysts are providing their Estimated Earnings analysis for Frontier Communications Corporation and for the current quarter 9 analysts have projected that the stock could give an Average Earnings estimate of $-0.05/share. For the quarter, shares have been noted at -43.12%. The company's quarterly revenue was up 70.5% compared to the same quarter a year ago. Frontier Communications Corp had a negative net margin of 5.01% and a positive return on equity of 2.05%. During the same quarter in the prior year, the company earned $0.05 earnings per share. During the same period in the previous year, the firm posted $0.05 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. BlackRock Institutional Trust Company N.A. increased its position in shares of Frontier Communications Corp by 0.7% in the third quarter. The ex-dividend date was Monday, March 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 21.65%. Frontier Communications Corp's dividend payout ratio (DPR) is -77.78%.
11/07/2016 - Frontier Communications Corporation had its " rating reiterated by analysts at Gabelli. If you are reading this report on another site, it was stolen and republished in violation of United States & worldwide copyright legislation. The correct version of this article can be viewed at https://www.com-unik.info/2017/04/16/frontier-communications-corp-ftr-cut-to-sell-at-goldman-sachs-group-inc-updated.html. Australia-based Commonwealth Financial Bank Of Aus has invested 0.01% in Frontier Communications Corp (NASDAQ:FTR). Municipal Employees Retirement System of MI now owns 37,170 shares of the utilities provider's stock worth $155,000 after buying an additional 170 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Frontier Communications Corp by 0.4% in the fourth quarter. Macquarie reaffirmed a "neutral" rating and issued a $3.85 price target (down from $4.00) on shares of Frontier Communications Corp in a report on Tuesday, December 20th. During the trading on 04/17/2017, Company's stock ranged from $2.00 to $1.95.
Highland Capital Management Llc decreased Hollyfrontier Corp (HFC) stake by 8.05% reported in 2016Q4 SEC filing.
A number of large investors have recently bought and sold shares of FTR.
Investors generally keep an extensive variety of technical indicators at their disposal for completing technical stock analysis.
Currently, the market capitalization of Frontier Communications Corporation (FTR) is 2.29 Billion. Frontier offers a variety of services to residential customers over its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and Frontier Secure digital protection solutions.