Frontier Communications Corp Company Profile (NASDAQ:FTR)

Frontier Communications Corp trades on the NASDAQ under the ticker symbol "FTR."

Frontier Communications Corp announced a quarterly dividend on Tuesday, May 2nd. Investors of record on Thursday, June 15th will be paid a dividend of $0.04 per share on Friday, June 30th. This represents a $0.16 annualized dividend and a yield of 12.03%. The ex-dividend date is Tuesday, June 13th. View Frontier Communications Corp's Dividend History.

Frontier Communications Corp (NASDAQ:FTR) announced its quarterly earnings results on Tuesday, May, 2nd. The company reported ($0.08) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.05) by $0.03. The business earned $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. Frontier Communications Corp had a negative net margin of 5.01% and a positive return on equity of 2.05%. View Frontier Communications Corp's Earnings History.

15 brokers have issued 1 year price objectives for Frontier Communications Corp's shares. Their predictions range from $1.50 to $8.75. On average, they expect Frontier Communications Corp's share price to reach $3.41 in the next year. View Analyst Ratings for Frontier Communications Corp.

Here are some recent quotes from research analysts about Frontier Communications Corp stock:

• 1. Macquarie analysts commented, "We think both are important to instill confidence in investors on the sustainability of the model. Our target goes to US$2.65 from US$3.40 based on 5.5x our ‘18E EBITDA, assuming a 50% cut to the dividend and implying an 8% yield." (4/13/2017)
• 2. According to Zacks Investment Research, "We are impressed with Frontier Communications’ focus to rake in more profits through customer retention, market share gain, new product introductions, broadband expansion and improved sales and marketing initiatives. The company is trying to derive benefits from the growing Business Service Segment. Meanwhile, foraying into North Carolina through the rollout of ‘Vantage TV’ IPTV and broadband services also bode well. Howover, the company continues to face numerous problems. Reports about outages, bad telephone service and problems with billing have sprouted. The company continues to suffer from the loss of legacy fixed telephony business to wireless and decline in access lines and wireless backhaul revenues due to customer migration to Ethernet solutions at lower price points. Over the past three months, the stock lost 30.95% while  the Zacks-categorized 'Wireless–Regional (Rural)’ industry declined 21.08%." (3/15/2017)
• 3. Jefferies Group LLC analysts commented, "lumpy."Goldman comments, "Results disappointed as an on-going account clean-up contributed to steeper revenue declines and an EBITDA shortfall. We expected FTR to soften the implied EBITDA outlook, though not to this magnitude (~5% at midpoint), particularly in light of solid cost cutting. Amended bank terms ensured no covenant violations, though the leverage story worsened. Despite the print, we see light beyond a lumpy 1Q with improving trends and dividend support." (2/28/2017)

Frontier Communications Corp saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 270,497,137 shares, an increase of 5.6% from the April 28th total of 256,175,577 shares. Based on an average daily volume of 56,959,476 shares, the days-to-cover ratio is presently 4.7 days. Approximately 23.2% of the company's shares are short sold.

Some companies that are related to Frontier Communications Corp include Shenandoah Telecommunications Company (SHEN), Cellcom Israel (CEL), ATN International (ATNI), Consolidated Communications Holdings (CNSL), Windstream Holdings (WIN), Cincinnati Bell (CBB), Alaska Communications Systems Group (ALSK), magicJack VocalTec Ltd (CALL), Inventergy Global (INVT), Alteva (ALTV) and EarthLink Holdings Corp. (ELNK).

Frontier Communications Corp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.85%), Vanguard Group Inc. (9.03%), State Street Corp (3.66%), Dimensional Fund Advisors LP (2.34%), CI Investments Inc. (2.10%) and Bank of New York Mellon Corp (2.04%). Company insiders that own Frontier Communications Corp stock include Edward Fraioli, John Lass, Kathleen Q Abernathy, Kenneth Arndt and Steve Gable. View Institutional Ownership Trends for Frontier Communications Corp.

Frontier Communications Corp's stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Vanguard Group Inc., State Street Corp, Massachusetts Financial Services Co. MA, TD Asset Management Inc., Teacher Retirement System of Texas, FMR LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for Frontier Communications Corp.

Frontier Communications Corp's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, First Trust Advisors LP, Gotham Asset Management LLC, Pennant Capital Management LLC, Bank of New York Mellon Corp, Ameriprise Financial Inc. and Principal Financial Group Inc.. Company insiders that have bought Frontier Communications Corp stock in the last two years include Edward Fraioli, John Lass, Kathleen Q Abernathy, Kenneth Arndt and Steve Gable. View Insider Buying and Selling for Frontier Communications Corp.

Shares of Frontier Communications Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Frontier Communications Corp stock can currently be purchased for approximately $1.33.