|Bid||14.85 x 100|
|Ask||16.00 x 500|
|Day's Range||14.25 - 15.24|
|52 Week Range||13.13 - 78.30|
|PE Ratio (TTM)||-2.42|
|Dividend & Yield||2.40 (17.23%)|
|1y Target Est||N/A|
Even after a drastic share price discount and a difficult dividend adjustment, it's still hard to recommend Frontier Communications stock as a long-term investment.
Frontier Communications (FTR:Nasdaq) Wells Fargo Securities ($14.22, July 19, 2017) We believe Frontier Communications remains a show-me-story, and must first turn around customer churn across their entire footprint before being able to realize the deleveraging plan it set out. After accounting for the 1-for-15 reverse stock split, our price target is $14.50 versus $2.25 prior, but our valuation remains unchanged at 5.3 times estimated fiscal 2018 earnings before interest, taxes, depreciation and amortization (Ebitda). Specifically, we are slightly tempering our estimate for legacy Frontier data services revenue growth and now expect total revenue of $2.303 billion versus $2.306 billion prior (Street estimate at $2.307 billion).
Frontier Communications (FTR) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.