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See what the IHS Markit Score report has to say about Frontier Communications Corp.

IHS Markit

Frontier Communications Corp

NASDAQ/NGS:FTR

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Summary

  • Perception of the company's creditworthiness is negative but improving
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is high

Bearish sentiment

Short interest | Negative

Short interest is extremely high for FTR with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting FTR.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, ETFs holding FTR are favorable, with net inflows of $9.88 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit | Neutral

According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Telecommunications Servicesis falling. The rate of decline is very significant relative to the trend shown over the past year. The rate of contraction may ease in the coming months, however.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator with a strengthening bias over the past 1-month. FTR credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

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