Frontier Communications Corporation (FTR) Getting Somewhat Favorable Press Coverage, Study Shows
News coverage about Frontier Communications Corporation (NASDAQ:FTR) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frontier Communications Corporation earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 44.6647904374937 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- NASDAQ:FTR Shareholder Alert: Lawsuit Alleges Securities Laws Violations by Frontier Communications Corp (sbwire.com)
- IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Frontier Communications Corporation and Reminds Investors with Losses In Excess of $100,000 to Contact the Firm (finance.yahoo.com)
- The Klein Law Firm Announces a Class Action Filed on Behalf of Frontier Communications Corporation Shareholders and a Lead Plaintiff Deadline of November 27, 2017 (FTR) (feeds.benzinga.com)
- FTR INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Frontier Communications Corporation and a Lead Plaintiff Deadline of November … (businesswire.com)
- FTR INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Frontier Communications Corporation and a Lead Plaintiff Deadline of November 27, 2017 (finance.yahoo.com)
Shares of Frontier Communications Corporation (FTR) traded down 2.05% during mid-day trading on Tuesday, reaching $11.46. 1,919,036 shares of the company’s stock were exchanged. Frontier Communications Corporation has a 52 week low of $11.45 and a 52 week high of $63.90. The stock’s market cap is $899.79 million. The stock has a 50 day moving average price of $12.71 and a 200 day moving average price of $18.23.
Frontier Communications Corporation (NASDAQ:FTR) last released its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($1.07) by ($0.03). The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.29) earnings per share. Equities research analysts predict that Frontier Communications Corporation will post ($4.13) EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 20.94%. This is an increase from Frontier Communications Corporation’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 14th. Frontier Communications Corporation’s dividend payout ratio (DPR) is -16.65%.
Several research firms have recently commented on FTR. Jefferies Group LLC reiterated a “buy” rating and set a $25.00 price target (down previously from $30.00) on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Hilliard Lyons lowered shares of Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $16.00 price objective on shares of Frontier Communications Corporation in a report on Tuesday, August 8th. Cowen and Company restated a “market perform” rating on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Finally, UBS AG restated a “neutral” rating and issued a $15.00 price objective on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.02.
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About Frontier Communications Corporation
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).
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