FTR - Frontier Communications Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.6900
+0.0177 (+2.63%)
As of 3:15PM EST. Market open.
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Previous Close0.6723
Open0.6603
Bid0.6868 x 800
Ask0.6885 x 900
Day's Range0.6603 - 0.6908
52 Week Range0.5200 - 3.5000
Volume617,271
Avg. Volume1,558,003
Market Cap72.705M
Beta (3Y Monthly)1.49
PE Ratio (TTM)N/A
EPS (TTM)-58.3150
Earnings DateFeb 24, 2020 - Feb 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-12-14
1y Target Est0.77
  • Frontier Notes Hit New Lows as Investors Anticipate Possible Restructuring Plan
    Bloomberg

    Frontier Notes Hit New Lows as Investors Anticipate Possible Restructuring Plan

    Sep.23 -- Bloomberg's Lisa Abramowicz reports on Frontier Communications Corp. notes hitting new lows ahead of a possible debt restructuring plan. She speaks on "Bloomberg Markets: The Close."

  • Frontier Communications Announces CEO Transition
    Business Wire

    Frontier Communications Announces CEO Transition

    Frontier Communications Corporation (FTR) announced today that the Company’s Board of Directors has unanimously appointed Bernard L. “Bernie” Han as President and Chief Executive Officer and a member of the Board, effective immediately. Mr. Han succeeds Daniel McCarthy, who is stepping down as President and Chief Executive Officer and from his position on the Board.

  • Thomson Reuters StreetEvents

    Edited Transcript of FTR earnings conference call or presentation 5-Nov-19 9:30pm GMT

    Q3 2019 Frontier Communications Corp Earnings Call

  • The Frontier Communications (NASDAQ:FTR) Share Price Is Down 99% So Some Shareholders Are Very Salty
    Simply Wall St.

    The Frontier Communications (NASDAQ:FTR) Share Price Is Down 99% So Some Shareholders Are Very Salty

    Long term investing works well, but it doesn't always work for each individual stock. It hits us in the gut when we...

  • Moody's

    Frontier Communications Corporation -- Moody's announces completion of a periodic review of ratings of Frontier Communications Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Frontier Communications Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Frontier Communications Seeking New CEO Ahead of Restructuring
    Bloomberg

    Frontier Communications Seeking New CEO Ahead of Restructuring

    (Bloomberg) -- Frontier Communications Corp. has started the search for new management to take over the company after it completes what could be the biggest telecom restructuring in nearly two decades, according to people with knowledge of the matter.Advisers for the rural wireline telephone provider have started looking for a possible replacement for Chief Executive Officer Dan McCarthy, who has led Frontier since 2015, the people said. They asked not to be identified discussing a confidential matter.A representative for the Norwalk, Connecticut-based company said it doesn’t comment on rumors or speculation. McCarthy couldn’t be reached for comment.Frontier’s bonds fell across the curve, with its 11% bonds due September 2025 dropping to a record low of 44.75 cents on the dollar to yield nearly 33%, according to Trace data.Frontier is in talks with advisers about solutions to its $17.5 billion debt load, which has swelled in recent years as people stop using land lines. Creditors have been pushing Frontier for a plan, which could include bankruptcy.Due DiligenceTelecom consulting firm Altman Vilandrie & Co. has been hired by creditors to conduct due diligence on Frontier, including the development of a post-reorganization business plan, the people said. The company could file for bankruptcy in the first quarter of 2020, ahead of more than $300 million of interest due in March, the people said.Robert Citrone’s hedge fund, Discovery Capital Management LLC, which is believed by market participants to have bought derivatives protecting against default, has argued that investors will fare better if it files for Chapter 11 sooner rather than later.A group of creditors including Elliott Management Corp. and Franklin Resources Inc. holds nearly 50% of the company’s bonds and is organized with law firm Akin Gump and investment bank Ducera Partners LLC, Bloomberg previously reported. Some members of that group are believed by market participants to have sold derivatives insuring against a Frontier default that expire in December. That would skew their interests against a Chapter 11 filing before that date.A separate group of creditors including GoldenTree Asset Management LP is organized with Houlihan Lokey Inc. and Milbank LLP, Bloomberg previously reported. Frontier is getting advice from Kirkland & Ellis LLP and Evercore Inc.Representatives for Kirkland, Akin Gump, Ducera, Houlihan Lokey, Franklin, GoldenTree, Altman and Milbank didn’t immediately respond to requests for comment or couldn’t immediately comment. Representatives for Elliott and Evercore declined to comment.Court ProtectionFrontier has warned that it may have to file for court protection from its creditors. A restructuring of Frontier’s debt load in bankruptcy would rank among the biggest telecom reorganizations since Worldcom Inc. in 2002, according to data compiled by Bloomberg.Frontier isn’t the only wireline telecommunications firm to run into trouble. Windstream Holdings Inc. sought creditor protection earlier this year after losing a default trial against Aurelius Capital Management LP.The company filed a revised severance agreement with its second-quarter earnings results for McCarthy, listed as 54 years old in this year’s proxy materials. If terminated without cause, McCarthy would be entitled to severance payments, full vesting of 2017 and 2018 restricted stock, full vesting of 2017 and 2018 long-term incentive awards. His 2019 retention and performance awards will be forgiven and no repayment required.McCarthy has worked for Frontier for more than 25 years, joining the board in May 2014, according to the proxy statement. He served as president and chief operating officer before taking over as CEO in April 2015.(Updates with bond price movement and CDS details starting in the 4th paragraph.)\--With assistance from Boris Korby.To contact the reporters on this story: Allison McNeely in New York at amcneely@bloomberg.net;Sridhar Natarajan in New York at snatarajan15@bloomberg.net;Katherine Doherty in New York at kdoherty23@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Shannon D. HarringtonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cover Story: Increase in South Florida airline passengers signals healthy economy, experts say
    American City Business Journals

    Cover Story: Increase in South Florida airline passengers signals healthy economy, experts say

    South Florida's international airports posted a healthy uptick in passengers over the past year, highlighting the strength of the U.S. economy.

  • Frontier Communications (FTR) Q3 Loss Narrower Than Expected
    Zacks

    Frontier Communications (FTR) Q3 Loss Narrower Than Expected

    Frontier Communications' (FTR) third-quarter net loss includes a goodwill impairment of $276 million and a loss of $30 million on anticipated sale of operations in four Northwest states.

  • Business Wire

    Frontier Communications Reports Third Quarter 2019 Results

    NORWALK, Conn.-- -- Total third quarter revenue of $1,997 million Net loss of $345 million, including a goodwill impairment of $276 million and a loss of $30 million on anticipated sale of operations in four Northwest states Third quarter Adjusted EBITDA 1 of $804 million Net broadband unit losses of 71,000 Liquidity of $683 million as of September 30, 2019 Frontier Communications Corporation today ...

  • Frontier Communications Launches Enhanced Network Solution
    Zacks

    Frontier Communications Launches Enhanced Network Solution

    Frontier Communications (FTR) provides efficient network management solutions with Managed SD-Wan to address the needs of enterprise customers.

  • Business Wire

    Frontier Communications Introduces Managed SD-WAN

    New Software Defined Wide Area Network solution accelerates and simplifies the network digital transformation for enterprise customers

  • BCE Q3 Earnings Miss, Revenues Beat on Segment Strength
    Zacks

    BCE Q3 Earnings Miss, Revenues Beat on Segment Strength

    BCE's third-quarter financial results reflect operating profitability growth across its wireless, wireline, and media segments.

  • GuruFocus.com

    Fault Lines Appearing in Lower-Rated Corporate Bond Market

    Downgrades and default rates could swell in the next credit cycle downturn Continue reading...

  • Barrons.com

    Wave of Financial Stress Hits Low-Rated Companies

    FEATURE An array of business challenges are hitting low-rated companies across the U.S. economy, driving selling in the bottom tier of the corporate-debt market that contrasts with gains in stocks and other riskier assets.

  • Business Wire

    Frontier Communications Statement on Tentative Agreement with Communications Workers of America in Connecticut

    Frontier Communications Corporation (FTR) has reached a Tentative Agreement with Communications Workers of America Local 1298 for a new two-year labor contract covering represented Connecticut employees through October 2021. “Frontier has reached a Tentative Agreement for a new two-year labor contract with CWA Local 1298 in Connecticut that is equitable and will better position Frontier to compete in a challenging and ever-changing marketplace.

  • Read this before you pay your next cable bill
    MarketWatch

    Read this before you pay your next cable bill

    Extra fees imposed by cable companies tack a 24% surcharge on to the price advertised, according to a new Consumer Reports analysis.

  • Business Wire

    Frontier Communications to Release Third Quarter 2019 Results and Host Call

    Frontier Communications Corporation plans to release third quarter 2019 results on Tuesday, November 5, 2019, after the market closes, and to host a conference call that afternoon at 4:30 P.M.

  • Do Institutions Own Shares In Frontier Communications Corporation (NASDAQ:FTR)?
    Simply Wall St.

    Do Institutions Own Shares In Frontier Communications Corporation (NASDAQ:FTR)?

    A look at the shareholders of Frontier Communications Corporation (NASDAQ:FTR) can tell us which group is most...

  • Are Options Traders Betting on a Big Move in Frontier (FTR) Stock?
    Zacks

    Are Options Traders Betting on a Big Move in Frontier (FTR) Stock?

    Investors need to pay close attention to Frontier (FTR) stock based on the movements in the options market lately.

  • Thomson Reuters StreetEvents

    Edited Transcript of FTR earnings conference call or presentation 6-Aug-19 8:30pm GMT

    Q2 2019 Frontier Communications Corp Earnings Call

  • Six Billion-Dollar Companies Are Now Penny Stocks; Hope You Sold
    Investor's Business Daily

    Six Billion-Dollar Companies Are Now Penny Stocks; Hope You Sold

    Skilled investors know to cut their losses before things get really bad. Hopefully J. C. Penney and Frontier Communications investors knew this golden rule.