FTR - Frontier Communications Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.7814
+0.0713 (+10.04%)
At close: 4:00PM EDT
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Previous Close0.7101
Open0.7200
Bid0.0000 x 1200
Ask0.0000 x 800
Day's Range0.7017 - 0.8109
52 Week Range0.6700 - 7.2500
Volume2,455,487
Avg. Volume2,971,303
Market Cap82.337M
Beta (3Y Monthly)1.96
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-12-14
1y Target EstN/A
Trade prices are not sourced from all markets
  • How Should Investors React To Frontier Communications Corporation's (NASDAQ:FTR) CEO Pay?
    Simply Wall St.

    How Should Investors React To Frontier Communications Corporation's (NASDAQ:FTR) CEO Pay?

    In 2015 Dan McCarthy was appointed CEO of Frontier Communications Corporation (NASDAQ:FTR). This report will, first...

  • Moody's

    $34,500,000 PREFERREDPLUS 8.375% Trust Certificates, Series CZN-1 -- Moody's downgrades the rating of certificates issued by PREFERREDPLUS Trust Series CZN-1, a Structured Note

    Today's rating action is a result of the change in the rating of the 7.05% Debentures due October 01, 2046 issued by Frontier Communications Corporation (the "Underlying Securities") which was downgraded to Caa3 on August 12, 2019. The transaction is a structured note whose ratings are based on the rating of the Underlying Securities and the legal structure of the transaction. The ratings will be sensitive to any change in the rating of the 7.05% Debentures due October 01, 2046 issued by Frontier Communications Corporation.

  • Moody's

    Frontier Communications Corporation -- Moody's downgrades Frontier CFR to Caa2, outlook negative

    Moody's Investors Service (Moody's) has downgraded the corporate family rating (CFR) of Frontier Communications Corporation (Frontier) to Caa2 from Caa1 and the probability of default rating (PDR) to Caa3-PD from Caa1-PD. Moody's has also downgraded the company's first lien secured term loan B and first lien secured notes to B3 from B2 and affirmed the second lien secured notes at B3. Moody's downgraded the unsecured notes to Caa3 from Caa2 and affirmed the speculative grade liquidity rating at SGL-3.

  • Cincinnati Bell (CBB) Q2 Loss Narrows Y/Y, Revenues Rise
    Zacks

    Cincinnati Bell (CBB) Q2 Loss Narrows Y/Y, Revenues Rise

    Cincinnati Bell's (CBB) Q2 revenues increase year over year on account of solid contribution from its both segments.

  • Frontier Communications Corporation (FTR) Q2 2019 Earnings Call Transcript
    Motley Fool

    Frontier Communications Corporation (FTR) Q2 2019 Earnings Call Transcript

    FTR earnings call for the period ending June 30, 2019.

  • Frontier (FTR) Beats Q2 Earnings Estimates, Lowers Guidance
    Zacks

    Frontier (FTR) Beats Q2 Earnings Estimates, Lowers Guidance

    Despite secular decline in business and higher operating costs due to soft industry conditions, Frontier (FTR) exceeds second-quarter 2019 earnings and revenue estimates.

  • Barrons.com

    Frontier Communications Stock Is Tumbling After Earnings

    Frontier’s sales came in at $2.07 during the second quarter, but the company reduced its 2019 Ebitda forecast to a range of $3.35 billion to $3.42 billion.

  • What Awaits Frontier Communications (FTR) in Q2 Earnings?
    Zacks

    What Awaits Frontier Communications (FTR) in Q2 Earnings?

    Decline in voice and video businesses is likely to hurt Frontier Communications' (FTR) second-quarter financial performance.

  • Will Frontier Communications (FTR) Report Negative Earnings Next Week? What You Should Know
    Zacks

    Will Frontier Communications (FTR) Report Negative Earnings Next Week? What You Should Know

    Frontier Communications (FTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Moody's

    GS Mortgage Securities Trust 2012-GCJ7 -- Moody's affirms ten classes of GSMS 2012-GCJ7

    Rating Action: Moody's affirms ten classes of GSMS 2012- GCJ7. Global Credit Research- 16 Jul 2019. Approximately $1.02 billion of structured securities affected.

  • Before You Buy Frontier Communications Corporation (NASDAQ:FTR), Consider Its Volatility
    Simply Wall St.

    Before You Buy Frontier Communications Corporation (NASDAQ:FTR), Consider Its Volatility

    If you're interested in Frontier Communications Corporation (NASDAQ:FTR), then you might want to consider its beta (a...

  • AT&T Hit by Potentially Costly Lawsuit
    Market Realist

    AT&T Hit by Potentially Costly Lawsuit

    AT&T (T) has been sued in California on accusations that it secretly overcharges its wireless customers in an attempt to fatten its bottom line.

  • Is Frontier Communications Corporation (FTR) A Good Stock To Buy ?
    Insider Monkey

    Is Frontier Communications Corporation (FTR) A Good Stock To Buy ?

    The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which unveil their equity positions as of March 31. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]

  • Analyzing Frontier Communications’ Moving Averages
    Market Realist

    Analyzing Frontier Communications’ Moving Averages

    On June 24, Frontier Communications (FTR) stock closed the trading day at $1.43. On the downside, the company’s immediate support lies near $1.36. Frontier Communications’ 14-day relative strength index score was 35.

  • Frontier Communications’ Current Valuation Compared to Its Peers
    Market Realist

    Frontier Communications’ Current Valuation Compared to Its Peers

    On June 21, Frontier Communications (FTR) had a trailing 12-month EV-to-EBITDA multiple of 4.94x. As of June 21, Frontier Communications had a market capitalization of $0.15 billion.

  • Frontier Communications: Analysts’ Recommendations
    Market Realist

    Frontier Communications: Analysts’ Recommendations

    According to analysts’ consensus, Frontier Communications (FTR) stock has a mean target price of $2.14 and a current market price of $1.39—an upside potential of 54.0% in the next 12 months.

  • Frontier Communications: Returns and Stock Trends in 2019
    Market Realist

    Frontier Communications: Returns and Stock Trends in 2019

    On June 21, Frontier Communications’ (FTR) closing price was $1.39 per share. Based on the closing price, Frontier Communications has a market capitalization of $0.15 billion.

  • Frontier Communications’ Earnings Trend in 2019
    Market Realist

    Frontier Communications’ Earnings Trend in 2019

    In the first quarter, Frontier Communications (FTR) reported an adjusted net income and EPS of -$19 million and -$0.18, respectively—compared to -$45 million and -$0.58 in the first quarter of 2018.

  • Frontier Communications: Revenue Trends in 2019
    Market Realist

    Frontier Communications: Revenue Trends in 2019

    In the first quarter, Frontier Communications reported net revenues of $2.10 billion—a fall of 4.5% on a year-over-year basis. Frontier Communications missed analysts’ consensus revenue expectation.

  • CenturyLink’s Moving Averages Compared to Its Peers
    Market Realist

    CenturyLink’s Moving Averages Compared to Its Peers

    On June 21, CenturyLink stock closed the trading day at $11.34. On the downside, the company’s immediate support lies near $11.26, while $11.42 could act as an immediate resistance level on a daily basis.

  • CenturyLink: Analysts’ Recommendations
    Market Realist

    CenturyLink: Analysts’ Recommendations

    According to analysts’ consensus, CenturyLink (CTL) stock has a mean target price of $12.77 and a current market price of $11.35, which suggests an upside potential of 12.5% in the next 12 months.

  • CenturyLink’s Current Valuation Compared to Its Peers
    Market Realist

    CenturyLink’s Current Valuation Compared to Its Peers

    On June 20, CenturyLink was trading at a 12-month forward PE ratio of 8.60x. Charter Communications and Comcast’s 12-month forward PE ratios were 38.15x and 13.65x, respectively.

  • Bloomberg

    Frontier has Options to Avoid Bankruptcy, Aurelius Says

    (Bloomberg) -- Aurelius Capital Management LP is calling for Frontier Communications Corp. to pursue an out-of-court debt exchange and says there’s no “defensible basis” for the company to file for Chapter 11 bankruptcy before trying its proposal. Frontier’s stock and bonds rose.Mark Brodsky’s hedge fund holds Frontier shares, a “substantial amount” of some Frontier notes, and a long position in Frontier’s debts through credit default swaps, according to a June 19 letter to Frontier’s board. The debt holdings include so-called non-CTF unsecured bonds due in 2022 and 2023. Aurelius isn’t a member of any ad hoc bondholder group, according to the letter, which was signed by Managing Director Dennis Prieto.Aurelius’s recommendations “provide a road map for the board to create substantial value for Frontier’s shareholders, both through de-levering and by increasing the option value inherent in the stock,” the letter said. “In contrast, a near-term Chapter 11 would result in a wipe-out for shareholders.”A representative for Frontier declined to comment. The company’s shares rose as much as 23% and its 7.125% notes due in January 2023 gained 1.5 cents on the dollar to 61.5 cents.Click here to see a copy of the Aurelius letterFrontier creditors have been calling for the telecommunications company to engage in negotiations to address its $17 billion of debt. The company recently appointed new board members with turnaround experience, and agreed to a $1.4 billion asset sale. Some bondholders have called for an out-of-court transaction amid speculation that the company might seek Chapter 11 protection.Aurelius said the company should exchange or tender for $3.5 billion of CTF and non-CTF bonds maturing in 2022 and 2023 and 51% of the CTF bonds due in 2025, with the 2022 and 2025 CTF notes amending their lien covenant as part of the transaction. Participating holders would receive new secured debt and possibly cash, having a value about 10% above current market prices.Debt ImpactThe suggested transaction would allow Frontier to extend its debt, reduce net borrowings by more than $1.5 billion and generate $200 million in annual interest expense savings, Aurelius said. Leverage would be cut from 4.74 times to 4.26 times a key measure of earnings, according to the letter. It would also free up cash flow and enhance the company’s ability to deleverage further, such as by purchasing more long-dated unsecured bonds.Frontier’s debt situation is also fundamentally different than what happened to Windstream Holdings Inc. -- which filed for bankruptcy after Aurelius alleged a debt default -- because that case turned on Windstream violating the plain language of its covenants, according to the letter.“Respectfully, the Windstream decision should play no role in your decision regarding Frontier’s capital structure,” Aurelius said. A Windstream representative declined to comment.The company shouldn’t seek to pursue an out-of-court comprehensive restructuring of its unsecured bonds, as some holders of back-end bonds have sought, because it is a “mirage” that will “immutably and swiftly” lead to Frontier filing for bankruptcy, Aurelius said.Even if Aurelius’s proposal fails, “Chapter 11 will be no less available than it is today,” the hedge fund said. “Indeed, the threat of Chapter 11 should put the company in a strong position in negotiations with holders of near-dated bonds regarding the exchange/tender offer.”(Updates shares and bonds in the fourth paragraph and adds Chapter 11 comment in the last.)\--With assistance from Bill Haubert.To contact the reporter on this story: Allison McNeely in New York at amcneely@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Nicole BullockFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.