|Bid||5.05 x 1200|
|Ask||5.10 x 4000|
|Day's range||5.05 - 5.17|
|52-week range||4.90 - 18.21|
|PE ratio (TTM)||N/A|
|Earnings date||31 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.48|
Frontier Communications' (FTR) AnyWare UCaaS will enable business owners to cut costs, eliminate unnecessary applications and scale communication needs.
Frontier Communications stock (FTR) declined 30% in June to close at $5.36. The stock is currently trading at $4.99, which is 1.4% above its 52-week low of $4.92 and 73% below its 52-week high of $18.21. FTR has fallen more than 70% in the last 12 months after falling 84% in 2017.
Frontier Communications Corporation plans to release second-quarter 2018 results on Tuesday, July 31, 2018, after the market closes, and to host a conference call that afternoon at 4:30 P.M.
Frontier Communications Corporation announces that, effective today, it has promoted Javier Mendoza to the position of Vice President, Corporate Communications and External Affairs.
Frontier Communications (FTR) needs investors to pay close attention to the stock based on moves in the options market lately.
NEW YORK, June 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Darling ...
Earlier in this series, we assessed analysts’ latest recommendations on Frontier Communications (FTR) stock. Now let’s take a look at Frontier’s technical indicators and compare them to those of its rivals in the telecommunications space. Moving averages and RSI (relative strength index) scores are the two most frequently used technical indicators.
Frontier Communications (FTR) stock fell 5.7% on June 25 and closed at $6.17. Frontier is trading 1.5% above its 52-week low of $6.08 and 66.3% below its 52-week high of $18.30. The stock has generated returns of -66.3% in the last 12 months and -19.8% in the last month after falling 84.0% in 2017.
Eight analysts have rated the stock as a “hold,” six have rated it as a “sell,” and one has rated it as a “buy.” Nearly 53% of analysts have given the company “hold” recommendations. Analysts’ consensus indicates that Frontier’s 12-month target price is $8.60, which means a potential return of 11% from its closing price of $7.74 on June 19. As of June 19, Frontier has an MACD (moving average convergence divergence) of -0.31.
Frontier Communications’ (FTR) management reiterated that it expects to report adjusted EBITDA of ~$3.6 billion in 2018 via improved operating metrics and cost-cutting initiatives.
Frontier Communications Corporation (“Frontier”) (FTR) today announced that, in accordance with Frontier’s Certificate of Designation, all its outstanding 11.125% Mandatory Convertible Preferred Stock, Series A (the “preferred stock”) will automatically convert into shares of Frontier common stock on June 29, 2018 (the “mandatory conversion date”), at the conversion rate of 1.3333 shares of common stock per share of preferred stock. Frontier will issue cash in lieu of any fractional shares of common stock. As previously announced, Frontier’s board of directors has declared a regular and final quarterly dividend on the preferred stock of $2.78125 per share.
Frontier Communications (FTR) is continuously investing in capex to improve its network. In the first quarter, Frontier spent ~$0.3 billion on capex, with more than 70% of its capital spending focused on growth initiatives. Frontier’s management noted that the company is on track with its CAF II (Connect America Fund) network deployment.
Frontier Communications (FTR) stock fell 14.3% in the week ended June 22 to close at $6.54. The stock has generated returns of -61.0% in the last 12 months and -31.3% in the last month after falling 84.0% in 2017. FTR stock is currently trading 7.6% above its 52-week low of $6.08 and 65.0% below its 52-week high of $18.60.
While small-cap stocks, such as Frontier Communications Corporation (NASDAQ:FTR) with its market cap of US$524.10m, are popular for their explosive growth, investors should also be aware of their balance sheetRead More...
Frontier Communications (FTR) is executing a cost-saving plan as part of its efforts to reduce its operating expenses and improve its profitability. The telecommunications company continued with its cost-cutting plan in the first quarter, during which it registered a favorable outcome.
Frontier Communications (FTR) stock’s closing price on June 19 was $7.74. Based on that closing price, Frontier has a market cap of ~$0.6 billion. Frontier’s stock price has fallen 60.9% in the trailing year.
As of June 19, AT&T (T) is the largest US telecommunications player by market cap at ~$237.3 billion, followed by Verizon (VZ) at ~$200.4 billion. Among the other competitors in the US wireline space, Frontier Communications (FTR) has a market cap of ~$0.6 billion.
Yesterday, the stock of Frontier Communications (FTR) fell 8.3% after the company announced the resignation of R. Perley McBride, its executive vice president and CFO. McBride is leaving the company for personal reasons and has plans to return to his family who lives in Atlanta. McBride will continue to serve as CFO until August 31 for a smooth transition of responsibilities.
Frontier Communications’ (FTR) number of video customers decreased by ~2.9% sequentially to reach ~1.2 million at the end of the first quarter.
Earlier this year, Frontier Communications (FTR) announced that it was terminating its dividend payments. The company now only pays a preferred dividend to its shareholders. Frontier is struggling with high debt levels, as we can see in the chart above.
Frontier Communications (FTR) has been trying to retain its subscribers and maintain a lower churn rate amid a highly competitive telecommunications sector. Customer churn is a measure of subscriber losses, and the lower the churn, the better. In the first quarter, Frontier’s customer churn rate was ~1.9%, which was better than its churn rates of ~2.4% in Q1 2017 and ~2.0% in Q4 2017.