Earnings Estimate set by Analysts: Frontier Communications Corporation's (FTR)
- Author: Lila Blake Apr 14, 2017,
Apr 14, 2017, 0:42
Frontier Communications Corporation (NASDAQ:FTR) shares advanced 0.97% to $2.08 on Monday. The share price is trading in a range of $2.05 - 2.12.
ATR value of company was 1.27.
The analysts wrote, "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 target price for Frontier Communications Corporation (FTR) is $3.22/share according to the consensus of analysts working on the stock, with an expected EPS of $-0.05/share for the current quarter. JPMorgan Chase & Co. cut Frontier Communications Corp from an "overweight" rating to a "neutral" rating and cut their price target for the company from $2.96 to $2.51 in a research note on Tuesday, February 28th.
On 11/12/2015 Steve Gable, EVP, bought 53,416 with an average share price of $4.75 per share and the total transaction amounting to $253,726.00.
A price target is the projected price level of a financial security stated by an investment analyst. NovoCure Limited has 1 buy ratings, 2 holds and 0 sells even after the stock tumbled -34.12% from its high of $16 to a $951.89 million market value through April 10, 2017. Over the last five days, shares have managed 1.46% gains and now is down -41.74% since hitting its 200-day moving average of $3.34.
Shares of Frontier Communications Corp (NASDAQ:FTR) opened at 2.03 on Thursday. Frontier Communications Corp has a 12 month low of $1.92 and a 12 month high of $5.75. The company has market cap of $2.36 billion. The analysts offering Earnings Estimates for the company were believing that Frontier Communications Corporation (FTR) could bring EPS of $-0.05/share. However a year ago during same quarter Frontier Communications Corp (NASDAQ:FTR) reported $0.01 EPS. Raymond James maintained Frontier Communications Corp (NASDAQ:FTR) on Tuesday, August 2 with "Outperform" rating.
Currently, the market capitalization of Frontier Communications Corporation (FTR) is 2.39 Billion. The company's last traded volume of 29.25 million shares was up it's an average volume of 40.96 million shares. The business's revenue was up 70.5% compared to the same quarter previous year. Equities research analysts predict that Frontier Communications Corp will post ($0.18) EPS for the current fiscal year. Stockholders of record on Wednesday, March 15th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 20.69%.
On 8/1/2016 Frontier Communications Corp announced a quarterly dividend of $0.11 8.66% with an ex dividend date of 9/13/2016 which will be payable on 9/30/2016. Frontier Communications Corp's dividend payout ratio (DPR) is -77.78%.
TRADEMARK VIOLATION NOTICE: This report was published by BBNS and is the sole property of of BBNS. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and global copyright and trademark legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/04/13/frontier-communications-corps-ftr-hold-rating-reiterated-at-macquarie.html. Hedge funds and other institutional investors own 67.26% of the company's stock.
Frontier Communications Corp. engages in the provision of communication services to urban, suburban, and rural customers. The company reported revenue of $1.33 Billion in the same period a year ago. Bank of Montreal Can raised its position in Frontier Communications Corp by 26.3% in the third quarter. The stock exchanged hands with 27.52 million shares contrast to its average daily volume of 64.64 million shares. 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. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Frontier Communications Corp during the second quarter valued at about $234,000. 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.