Published: Fri, April 14, 2017
Health Care | By Jeffery Armstrong

Revenue Estimates Analysis Of Frontier Communications Corporation (FTR)

Revenue Estimates Analysis Of Frontier Communications Corporation (FTR)

The company's shares closed yesterday at $2.03. As per Friday, September 30, the company rating was maintained by HSBC.

"We think both are important to instill confidence in investors on the sustainability of the model". The target implies a 74.11% spike from where the shares are now trading. The research firm Downgrade the stock to Sell.

Frontier Communications Corporation (NASDAQ: FTR) is a leader in providing communications services to urban, suburban, and rural communities in 29 states. TheStreet downgraded shares of Frontier Communications Corp from a "c-" rating to a "d+" rating in a research note on Monday, February 27th. They now have a Dollars 4 price target on the stock.

Canaccord Genuity today set a target price of 255 on the company's stock. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.37 on scale of 1-5. The company has an average rating of "Hold" and an average target price of $3.73. Gateway Investment Advisers Ltd Liability Corporation stated it has 0.01% in Frontier Communications Corp (NASDAQ:FTR). Company's distance from 20 day simple moving average is -5.43% and distance from 50-Day simple moving average is -23.16%.

There are now 117,199,000 shares in issue with a current share value of 227.5 giving Kainos Group a market capitalisation of 266.63M GBp.

Frontier Communications Corporation (FTR) is expected to post revenue of $2.33 Billion in the current quarter, according to consensus of 10 analysts. Comparatively, Frontier Communications Corporation posted earnings of $-0.06 per share in the same quarter a year ago. It is negative, as 70 investors sold Frontier Communications Corp shares while 168 reduced holdings.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $-0.05 per share according to consensus of 9 analysts. The business's revenue was up 70.5% compared to the same quarter past year. Stockholders of record on Wednesday, March 15th were paid a $0.105 dividend.

The stock now has its Annual Dividend of $0.42 and an annual Dividend Yield of 20.49 Percent. The ex-dividend date was Monday, March 13th. Frontier Communications Corp (NASDAQ:FTR) has declined 56.20% since September 6, 2016 and is downtrending.

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Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Frontier Communications Corp by 0.4% in the fourth quarter.

During last 5 trades the stock sticks nearly -1.19%. Eqis Capital Management Inc. increased its position in Frontier Communications Corp by 67.3% in the third quarter. Meeder Asset Management Inc. now owns 143,412 shares of the company's stock worth $596,000 after buying an additional 91,397 shares in the last quarter. Raymond James Trust N.A. now owns 127,568 shares of the company's stock valued at $531,000 after buying an additional 736 shares during the period. Frontier is leveraging the FCC's Connect America Fund (CAF) program to bring broadband to approximately 5,000 households in CAF-eligible census blocks while expanding its overall service and reach to approximately 3,100 more households throughout Wisconsin.

However, the telco did not reveal what broadband packages the CAF-II program will enable other than to say that it will offer "simplified broadband offerings and bundled service packages that provide customers with choice and affordable options". The Company's services and products include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

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