What Wall Street is saying about Frontier Communications Corporation (NASDAQ:FTR)
Frontier Communications Corporation (NASDAQ:FTR) stock is presently standing at about $2.53 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $3.50, which suggests the stock could still rise over 28 percent. The highest analyst price target is $5.00, which implies a rally of 2 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 2 rate FTR a strong buy. There are 7 equity research firms advocating a Hold and 1 consider it Sell.
BofA/Merrill analysts provided their view on Frontier Communications Corporation (NASDAQ:FTR) recently. The rating firm issued a Neutral rating to this company in a research note released on Mar 07, 2017. JP Morgan analysts disclosed their opinion on Frontier Communications Corporation (NASDAQ:FTR) recently. The rating firm gave a Neutral rating to this stock in a research note published on Feb 28, 2017. According to a research note disclosed on Nov 02, 2016, analysts at Deutsche Bank have lowered their rating on these shares from Buy to Hold.
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 253730, in a transaction on 2015-11-12. Following the transaction, the EVP, Chief Technology Officer is left with a stake of 112,567 shares, currently valued at $284795. Meanwhile, EVP, Chief People Officer Weslock Kathleen purchased 12,370 shares worth $59620, through a transaction dated 2015-11-10. Following the completion of the transaction, the insider is left with a stake of 63,370 shares, amounting $160326.1. FTR EVP, External Affairs Abernathy Kathleen Q also purchased 46,391 shares, at a stock price of $4.85. This transaction occurred on 2015-11-10 totals $225000. After this transaction, the insider’s stake stands at 602,502 shares, with a market value of $1524330.
Executives hold 0.93 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 $11047857.26.Mr. Daniel J. Mccarthy is another major inside shareholder in the company. The insider owns 2,967,797 shares as of 0.25%, currently worth $7508526.41. Cecilia K. McKenney is ranked as third insider holder of the stock. This insider holds 1,377,847 shares with a market value around $3485952.91 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 $-0.04 in preceding quarter and revenues reached at $2,409.00M compared to $2,524.00M. Analysts had expected Frontier Communications Corporation (NASDAQ:FTR) to post net income of about $-0.05 per share on $2,497.00M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.07 to $-0.01. That is compared with the $0.01 in EPS it reported during the same period a year ago.