Frontier Communications Corporation (NASDAQ:FTR) stock is presently standing at about $3.18 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $5.00, which suggests the stock could still rise over 36 percent. The highest analyst price target is $7.50, which implies a rally of -36 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 4 rate FTR a strong buy. There are 5 equity research firms advocating a Hold and 1 consider it Sell.
Deutsche Bank analysts provided their view on Frontier Communications Corporation (NASDAQ:FTR) recently. The rating firm issued a Hold rating to this company in a research note released on Nov 02, 2016. Wells Fargo analysts disclosed their opinion on Frontier Communications Corporation (NASDAQ:FTR) recently. The rating firm gave a Market Perform rating to this stock in a research note published on Nov 02, 2016. According to a research note disclosed on Sep 06, 2016, analysts at Macquarie have upped their rating on these shares from Underperform to Neutral.
Frontier Communications Corporation (NASDAQ:FTR) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its EVP, Chief Technology Officer Gable Steve Purchased 53,416 company shares for $253000.73, in a transaction on 2015-11-12. Following the transaction, the EVP, Chief Technology Officer is left with a stake of 253.73 shares, currently valued at $807. Meanwhile, EVP, External Affairs Abernathy Kathleen Q purchased 46,391 shares worth $225000, through a transaction dated 2015-11-10. Following the completion of the transaction, the insider is left with a stake of 602,502 shares, amounting $1915956.36. FTR Director Fraioli Edward also purchased 5,000 shares, at a stock price of $4.8. This transaction occurred on 2015-11-10 totals $24000. After this transaction, the insider’s stake stands at 20,000 shares, with a market value of $63600.
Executives hold 0.91 percent of the stock. Dr. Leonard Tow is one of the biggest insider owners in Frontier Communications Corporation (NASDAQ:FTR), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 4,366,742 shares which have current market value of around $13886239.56.Mr. Daniel J. Mccarthy is another major inside shareholder in the company. The insider owns 2,073,994 shares as of 0.18%, currently worth $6595300.92. Cecilia K. McKenney is ranked as third insider holder of the stock. This insider holds 1,107,733 shares with a market value around $3522590.94 as of recent close.
Frontier Communications Corporation (NASDAQ:FTR) Earnings Outlook
In Frontier Communications Corporation (NASDAQ:FTR)’s latest quarter, EPS moved to $-0.04 from $-0.02 in preceding quarter and revenues reached at $2,524.00M compared to $2,608.00M. Analysts had expected Frontier Communications Corporation (NASDAQ:FTR) to post net income of about $-0.04 per share on $2,571.93M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.12 to $-0.01. That is compared with the $0.05 in EPS it reported during the same period a year ago.