News stories about Frontier Communications Corporation (NASDAQ:FTR) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Frontier Communications Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.2236975062636 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Contrasting Shaw Communications (SJR) & Frontier Communications Corporation (FTR) (americanbankingnews.com)
- Frontier Communications Extends Cloud VoIP Solution Across US – Nasdaq (nasdaq.com)
- UBS AG Reiterates “Neutral” Rating for Frontier Communications Corporation (FTR) (fishinghd.com)
- Frontier Communications Corporation (NASDAQ:FTR) Lowered to “Underperform” at Hilliard Lyons (techkenyot.com)
Shares of Frontier Communications Corporation (NASDAQ:FTR) traded down 1.19% on Friday, hitting $14.91. 2,340,473 shares of the stock were exchanged. The firm’s 50-day moving average is $15.64 and its 200-day moving average is $28.36. Frontier Communications Corporation has a one year low of $13.13 and a one year high of $73.65. The company’s market cap is $1.17 billion.
Frontier Communications Corporation (NASDAQ:FTR) last released its quarterly earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.07) by $0.03. Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the firm earned ($0.29) EPS. The firm’s revenue was down 11.7% compared to the same quarter last year. On average, equities analysts forecast that Frontier Communications Corporation will post ($3.95) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 16.10%. This is a positive change from Frontier Communications Corporation’s previous quarterly dividend of $0.04. Frontier Communications Corporation’s payout ratio is currently -16.65%.
FTR has been the subject of a number of recent analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $4.00 price objective (up previously from $3.50) on shares of Frontier Communications Corporation in a research report on Friday, April 28th. Citigroup Inc. upgraded shares of Frontier Communications Corporation from a “sell” rating to a “neutral” rating and set a $1.75 price objective for the company in a research report on Wednesday, May 3rd. UBS AG downgraded shares of Frontier Communications Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.50 to $2.00 in a research report on Wednesday, May 3rd. Cowen and Company downgraded shares of Frontier Communications Corporation from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $4.00 to $2.00 in a research report on Wednesday, May 3rd. Finally, Deutsche Bank AG restated a “hold” rating and issued a $2.00 price objective (down previously from $3.00) on shares of Frontier Communications Corporation in a research report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $6.11.
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Frontier Communications Corporation Company Profile
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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