Technology

Analysts Speculate on Frontier Communications Corp (NASDAQ:FTR)

Frontier Communications Corp (NASDAQ:FTR) shares traded -6.54% during the most recent session the stock exchanged hands 51.33M shares versus average trading capacity of 42.12M shares, yielding a market cap of $1.77B. Wall Street analysts covering the stock are projecting that the stock will reach $2.13 within the next 52-weeks. The mean target projections are based on 11 opinions, the mean target was last revised on 05/04/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Frontier Communications Corp (NASDAQ:FTR) high price target of $4.50 and with a conservative view have low price target of $1.25 with a standard deviation of $1.31. If seeing target price from optimistic overview then it has 194 percent upside potential from the latest closing price of $1.43.

Frontier Communications Corp (NASDAQ:FTR) “Upgraded” by Citigroup in a research note issued to investors on May-03-17 from Sell to Neutral.

Additionally on Mar-22-17 Frontier Communications Corp (NASDAQ:FTR) was “Downgraded” by Goldman from Neutral to Sell and on Mar-07-17 the stock was “Downgraded” by BofA/Merrill from Buy to Neutral. Furthermore on Feb-28-17 the stock was “Downgraded” by JP Morgan from Overweight to Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 26.99 along with Average True Range (ATR 14) of 0.11, Consequently Frontier Communications Corp (NASDAQ:FTR)’s weekly and monthly volatility is 9.28%, 5.66% respectively. The company’s beta value is at 0.74.

In terms of Buy, Sell or Hold recommendations, Frontier Communications Corp (NASDAQ:FTR) has analysts’ 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.

Analysts who have weighed in on projected earnings growth are expecting that Frontier Communications Corp (NASDAQ:FTR) will report earnings of -$0.06 for the current quarter, however the company’s high EPS estimates are -$0.03 and low estimates are -$0.08. However the company reported -$0.02 earnings per share for the same quarter during last year.

Previously Frontier Communications Corp (NASDAQ:FTR) reported -$0.08 earnings per share (EPS) for the quarter on 5/2/2017 Before Market Open, missing the consensus estimate of -$0.05 by -$0.03. The company posted an earnings surprise of 60.00%.

While considering growth estimates of the company, it has next quarter growth estimates of -50.00% whereas during current quarter it has -200.00% estimations over growth, comparing to the estimations of -188.90% during current year and 69.20% 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 $2.32B according to 10 number of analysts, for the current quarter the company has high revenue estimates of $2.43B in contradiction of low revenue estimates of $2.3B. For the current year the company’s revenue estimates are $9.17B compared to low analyst estimates of $8.95B and high estimates of $9.45B according to 15 number of analysts.

Currently Frontier Communications Corp (NASDAQ:FTR)’s shares owned by insiders are 0.60%, whereas shares owned by institutional owners are 70.60%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded 0.20%.

Frontier Communications Corp (NASDAQ:FTR) is trading -71.01% away from its 52 week high of $4.93 and +2.14% far from the stock’s low point over the past 52 weeks, which was $1.40. The stock hit its 52-week high on 05/11/16, and 52-week low on 05/09/17. The company’s trailing twelve month income is -477.00M dollars and is paying 29.37% dividend yield annually.

Frontier Communications Corp (NASDAQ:FTR)’s trailing twelve month revenues are $9.90B, whereas its price to sales ratio for the same period is 0.19. Its book value per share for the most recent quarter is $3.72 while its price to book ratio for the same period is 0.38, as for as the company’s cash per share for the most recent quarter is $0.26, however its price to cash per share ratio for the same period is 5.56. The stock has a current PEG ratio of -0.75 whereas its trailing twelve month P/E ratio is -2.80.

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