Somewhat Positive News Coverage Somewhat Unlikely to Impact Frontier Communications (FTR) Share Price
News articles about Frontier Communications (NASDAQ:FTR) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frontier Communications earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.236663937685 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Analyzing the Top 5 Telecom Players Valuations for 2018 (finance.yahoo.com)
- The sentiment expressed by investors: Oclaro, Inc. (OCLR), Frontier Communications Corporation (FTR) – Market Movers (financialqz.com)
- Why Did Frontier Communications Corp. Stock Drop 85% in 2017? – Motley Fool (fool.com)
- Frontier Communications Capital Structure Arbitrage Opportunity – Seeking Alpha (seekingalpha.com)
A number of equities research analysts recently issued reports on FTR shares. Zacks Investment Research raised Frontier Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Wells Fargo & Co reissued a “market perform” rating and set a $9.00 price target (down previously from $14.50) on shares of Frontier Communications in a research report on Thursday, November 2nd. Barclays started coverage on Frontier Communications in a research report on Friday, December 15th. They set an “underweight” rating and a $7.00 price target on the stock. Bank of America downgraded Frontier Communications from a “neutral” rating to an “underperform” rating and set a $4.00 price target on the stock. in a research report on Friday, November 10th. Finally, BidaskClub downgraded Frontier Communications from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.77.
Frontier Communications (NASDAQ:FTR) last released its earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.01. Frontier Communications had a negative return on equity of 1.97% and a negative net margin of 9.17%. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the company earned ($0.64) earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis. equities analysts anticipate that Frontier Communications will post -4.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 30.69%. The ex-dividend date of this dividend was Thursday, December 14th. Frontier Communications’s payout ratio is presently -17.45%.
COPYRIGHT VIOLATION WARNING: This piece was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.dailypolitical.com/2018/01/17/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-frontier-communications-ftr-share-price.html.
About Frontier Communications
Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).
Receive News & Ratings for Frontier Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications and related companies with MarketBeat.com's FREE daily email newsletter.