Stock to Keep Your Eyes on: Frontier Communications Corp (NASDAQ:FTR)

Frontier Communications Corp (NASDAQ:FTR) received “Downgrade” rating by Goldman in a research note issued to investors on Mar-22-17 from Neutral to Sell.

Additionally on Mar-07-17 the stock was “Downgraded” by BofA/Merrill from Buy to Neutral and on Feb-28-17 the stock was “Downgraded” by JP Morgan from Overweight to Neutral. Furthermore on Nov-02-16 the stock was “Downgraded” by Wells Fargo from Outperform to Market Perform.

On the other hand the company has Relative Strength Index (RSI 14) of 28.19 along with Average True Range (ATR 14) of 0.11, Consequently Frontier Communications Corp (NASDAQ:FTR)’s weekly and monthly volatility is 4.70%, 5.35% respectively. The company’s beta value is at 0.77.

In terms of Buy, Sell or Hold recommendations, Frontier Communications Corp (NASDAQ:FTR) has an analyst’s mean recommendation of 2.80. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Frontier Communications Corp (NASDAQ:FTR) shares traded -4.12% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $3.15 within the next 52-weeks. The mean target projections are based on 11 opinions, the mean target was last revised on 04/18/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $5.00 and with a conservative view have low price target of $1.50 with a standard deviation of $0.81. If seeing target price from optimistic overview then it has a 169 percent upside potential from the latest closing price of $1.86.

While considering growth estimates of the company, it has next quarter growth estimates of -150.00% whereas during current quarter it has -600.00% estimations over growth, comparing to the estimations of -100.00% during current year and 66.70% for next year. Past 5 years growth of Frontier Communications Corp (NASDAQ:FTR) observed at -24.60%, looking forward for the next 5 years it has a strong prediction of 7.30% over growth.

Frontier Communications Corp (NASDAQ:FTR)’s revenue estimates for the current quarter are $2.35B according to 10 number of analysts, for the current quarter the company has high revenue estimates of $2.36B in contradiction of low revenue estimates of $2.33B. For the current year the company’s revenue estimates are $9.25B compared to low analyst estimates of $8.95B and high estimates of $9.56B according 15 number of analysts.

Frontier Communications Corp (NASDAQ:FTR)’s trailing twelve month revenues are $8.90B, whereas its price to sales ratio for the same period is 0.25. Its book value per share for the most recent quarter is $3.88 while its price to book ratio for the same period is 0.48, as for as the company’s cash per share for the most recent quarter is $0.44, however its price to cash per share ratio for the same period is 4.20.

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