|Bid||3.000 x 2900|
|Ask||3.010 x 800|
|Day's Range||2.9350 - 3.2100|
|52 Week Range||2.9350 - 11.6400|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.16|
The move reflects the digital-signature company’s relatively new status as a public company, with the right balance of diverse leadership, its CEO said.
Frontier Communications (FTR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
CenturyLink (CTL) stock’s closing price on November 29 was $18.62, and its market capitalization was $20.1 billion. The stock is trading 34.8% above its 52-week low of $13.81 and 23.1% below its 52-week high of $24.20.
CenturyLink (CTL) stock has risen ~28.1% in the last 12 months and ~11.6% year-to-date. Based on its November 29 price of $18.62, analysts’ target price of $20.87 implies they expect the stock to rise ~12.1% over the next 12 months. Of the 17 Reuters-surveyed analysts covering CenturyLink stock on November 29, 35% recommended “buy,” 47% recommended “hold,” and 18% recommended “sell.”
Of the 28 Reuters-surveyed analysts covering Charter Communications (CHTR) on November 29, 75% recommended “buy,” 21% recommended “hold,” and 4% recommended “sell.” Charter stock has fallen ~0.4% in the last 12 months and ~1.7% year-to-date. Based on the stock’s November 29 price of $330.33, analysts’ target price of $372.36 implies they expect the stock to rise ~12.7% over the next 12 months. Their target price has risen from $370.72 a month ago.
Charter Communications’ (CHTR) reported adjusted EBITDA of $4.0 billion in the third quarter, a ~3.5% YoY increase led by higher top-line growth. However, excluding mobile, the telecom company’s adjusted EBITDA rose ~5.5% YoY in the third quarter. Its adjusted EBITDA margin declined to 36.3% in the third quarter from 36.5% in the third quarter of 2017.
Charter Communications (CHTR) has been consistently spending on capex to enhance its network. In 2018, the telecom company restarted its all-digital initiative in the remaining Bright House and Time Warner Cable markets. Charter is deploying 1 Gbps (gigabits per second) speeds via DOCSIS 3.1 technology across its footprint.
In the third quarter, Frontier Communications’ (FTR) customer losses continued as it shed broadband customers. In the third quarter, Frontier lost net 61,000 broadband customers compared to a net loss of 63,000 in the previous year’s quarter and a net loss of 32,000 in the previous quarter. Frontier’s number of broadband customers had fallen ~5.0% year-over-year to 3.8 million as of September 30.
Charter Communications’ (CHTR) non-GAAP (generally accepted accounting principles) EPS are expected to rise ~25.4% YoY to $1.43 in the fourth quarter of 2018 from $1.14 in the fourth quarter of last year. For 2018, its non-GAAP EPS are expected to rise ~96% YoY to $5.39 from $2.75 in 2017.
In the third quarter, Frontier Communications’ (FTR) customer losses continued as it shed video customers. Frontier lost net 37,000 total video customers in the third quarter, including 8,000 DISH customers. However, the company lost net 36,000 total video customers in the previous year’s quarter, including 10,000 DISH customers.
Charter Communications’ (CHTR) top line has been improving for the past few quarters. For the fourth quarter, Wall Street analysts expect Charter to report revenues of $11.1 billion. On a YoY basis, Charter’s fourth-quarter revenue expectations are higher by ~5% when compared with $10.6 billion in the fourth quarter of 2017.
Frontier Communications Corporation will present at the UBS 46th Annual Global Media and Communications Conference in New York City. President and Chief Executive Officer Daniel J.
AEG, the world’s leading sports and live entertainment company, announced today that Frontier Communications Corporation (FTR) has been named one of the company’s preferred solutions providers. The strategic alliance between AEG and Frontier highlights the companies’ shared commitment to delivering world-class service and the best integrated communications solutions to respective clients. “Innovative telecommunications services are vital when it comes to creating transformational customer experiences, and Frontier Communications represents a top company in the space,” said Senior Vice President and Deputy Chief Information Officer Vince Saavedra.
With wildfires impacting customers and communities in its California service territory, Frontier Communications (FTR) operations crews, trained technicians, and emergency response personnel are actively working to secure and prepare facilities, infrastructure, network sites and backup power to maximize the Company’s ability to provide service during and after fires. “Our thoughts are with all those impacted by the fires and safety remains our first priority,” said Joe Gamble, Senior Vice President, West Region for Frontier Communications. Frontier Communications has created an informational website, frontier.com/CAFires, to provide links and information on customer resources and protections that may be available as a result of the State of Emergency.
In the third quarter, Frontier Communications’ (FTR) subscriber losses continued as the company lost broadband customers. On a net basis, the wireline player lost 61,000 broadband customers, compared to a loss of 63,000 broadband customers in Q3 2017. Frontier’s broadband subscribers fell ~5.0% year-over-year or YoY to 3.8 million at the end of September 30.
In the third quarter, Frontier Communications’ (FTR) subscriber losses continued as it lost video customers. Frontier lost 37,000 video subscribers in the third quarter, which includes 8,000 DISH customers. It lost 36,000 video subscribers in Q3 2017, which included 10,000 DISH customers. The company’s total video customers declined ~11.5% year-over-year or YoY to 1.1 million at the end of September 30. The main reason for the reduction was the growing popularity of over-the-top or OTT video streaming services.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The telecommunications company posted lower-than-expected losses and marginally beat revenue expectations. Despite topping Wall Street’s estimates, the company lowered its outlook on adjusted EBITDA and free cash flow. Owing to soft third-quarter results, of the 14 analysts covering Frontier, seven have given the stock “sell” ratings, while six have given it “hold” ratings.
Frontier Communications (FTR) has been posting negative EPS for the past ten consecutive quarters. The telecommunications company again disappointed investors with its third-quarter earnings results, which it released on November 6.
Frontier stock fell 22.9% on November 7 to close at $4.06. The stock is currently trading 65% below its 52-week high of $11.64. FTR stock has fallen 37.5% since the start of October and is down 40% in 2018. The stock has been in a steep decline since 2016 when it lost 22% in market value. 2017 was even worse for FTR with a fall of 87%. FTR has been grappling with several issues such as declining sales and limited growth potential.
The wireline company’s earnings topped estimates, but lackluster guidance raised concern about debt and sent the stock ds shares tumbling.
Frontier Communications (FTR) aims to expand its Fiber-based broadband footprint to cater to the evolving needs of customers. This augurs well for the long-term growth of the company.