Barrons.com • 10 hours ago
Shares of Frontier Communications (FTR), crushed Wednesday by a Goldman Sachs "Sell" recommendation, were falling further on Thursday. Goldman analyst Brett Feldman suggested that Frontier could suspend its dividend entirely in a research report Wednesday. The current dividend yield on the stock is 21%.
CNBC • yesterday
Shares of Frontier Communications dropped after Goldman Sachs downgraded the stock to sell on concerns the company may suspend its dividend.
Market Realist • yesterday
Frontier Communications (FTR) stock fell 2.4% on March 20 and 4% on March 19. By comparison, the stock fell 7% in the week ended March 10.
MarketWatch • yesterday
Shares of Frontier Communications Corp. plunged 12% in active trade Wednesday, toward the lowest close in three decades, after Goldman Sachs turned bearish on the telecommunications company. Analyst Brett ...
Motley Fool • yesterday
Goldman Sachs doesn't recommend owning this high-yielding stock anymore, because that all-important dividend may not be long for this world.
Barrons.com • yesterday
Goldman Sachs analyst Brett Feldman sparked a run on telecommunications services stocks Wednesday with a bearish report on the prospects for the stocks. The three are yield favorites and sport high dividends, which he sees as unsustainable in a couple of cases. Frontier Communications was hit hardest Wednesday after he suggested it may suspend its dividend entirely.
FTR : Summary for Frontier Communications Corpora - Yahoo Finance
Frontier Communications Corporation (FTR)
NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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|Bid||1.92 x 2000|
|Ask||1.93 x 5200|
|Day's Range||1.93 - 2.08|
|52 Week Range||1.93 - 5.75|
|PE Ratio (TTM)||-3.80|
|Earnings Date||Feb 21, 2017 - Feb 27, 2017|
|Dividend & Yield||0.42 (17.80%)|
|1y Target Est||3.53|