|Bid||0.7493 x 900|
|Ask||0.7498 x 900|
|Day's Range||0.7406 - 0.8399|
|52 Week Range||0.6700 - 7.2500|
|Beta (3Y Monthly)||1.96|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.84|
Skilled investors know to cut their losses before things get really bad. Hopefully J. C. Penney and Frontier Communications investors knew this golden rule.
(Bloomberg) -- AT&T Inc., Verizon Communications Inc. and 10 other large phone companies have struck an agreement with 51 attorneys general to enact technology to block robocalls before they reach consumers.The deal, announced Thursday, will help protect consumers from receiving illegal robocalls, and assist law enforcement in investigating and prosecuting bad actors, said North Carolina Attorney General Josh Stein, who is leading the effort that includes all 50 states and the District of Columbia.Under the deal, the companies will launch the call-blocking technology at no cost to consumers, and make other free anti-robocall devices and apps available to subscribers. “By signing on to these principles, industry leaders are taking new steps to keep your phone from ringing with an unwanted call,” Stein said in a statement.The companies are under pressure to protect consumers against the unwanted calls, which are a top source of complaints with the U.S. Federal Communications Commission. Across the U.S. there were 48 billion robocalls last year, up from 31 billion in 2017, according to a tally by YouMail Inc., a developer of software that blocks the calls.In July, AT&T, Verizon and T-Mobile US Inc. said they were making progress toward installing technology to authenticate calls so consumers would know if the call is coming from the person supposedly making it. The FCC has demanded the technology be in place by the end of the year.FCC Chairman Ajit Pai said the agreements with the states “align with the FCC’s own anti-robocalling and spoofing efforts,” including the agency’s caller authentication standards.“Few things can bring together policy leaders across the political spectrum like the fight against unwanted robocalls,” Pai said in a statement. “The FCC is committed to working together with Congress, state leaders, and our federal partners to put an end to unwanted robocalls.”Consumers are often duped into answering phone calls because they appear to be from a local number or business.“The bad actors running these deceptive operations will soon have one call left to make: to their lawyers,” New York Attorney General Letitia James said in the statement.Companies InvolvedThe other companies signing the agreement are T-Mobile, CenturyLink Inc., Comcast Corp., Sprint Corp., Bandwidth Inc., Charter Communications Inc., Consolidated Communications Holdings Inc., Frontier Communications Corp., U.S. Cellular Corp. and Windstream Holdings Inc.The FCC has demanded that carriers adopt the system to digitally validate phone calls passing through the complex web of networks. The agency also has said that providers may block calls, and cast a preliminary vote to require the digital authentication if carriers fail to install it by year’s end.Several of the top U.S. carriers issued statements in concert with the state attorneys general announcement. While the group on a whole backed the effort, there were few if any new, specific anti-spam call actions or timelines mentioned.“It’s imperative that we stand together on a common set of goals that include stopping callers from hiding their identities, working with other carriers on efforts to trace back illegal calls to the source, and keeping the originators from sending robocalls in the first place," Verizon said in a statement.“The fight against the scourge of illegal robocalls requires all hands on deck, and we welcome and appreciate the support of the state attorneys general,” AT&T said in a statement.(Updates with carriers and FCC comment beginning in seventh paragraph.)\--With assistance from Erik Larson and Scott Moritz.To contact the reporters on this story: Jonathan Reid in Washington at email@example.com;Susan Decker in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, ;Keith Perine at firstname.lastname@example.org, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In 2015 Dan McCarthy was appointed CEO of Frontier Communications Corporation (NASDAQ:FTR). This report will, first...
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.
Integrated End-to-End Wireless LAN Simplifies Customers’ Operations with Mobility, Collaboration, and Corporate IT Service Access
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.
Despite secular decline in business and higher operating costs due to soft industry conditions, Frontier (FTR) exceeds second-quarter 2019 earnings and revenue estimates.
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.
NORWALK, Conn.-- -- Total second quarter revenue of $2.07 billion Net loss of $5.32 billion, includes a goodwill impairment of $5.45 billion Second quarter Adjusted EBITDA 1 of $882 million Net broadband unit losses of 71,000 Realized a $160 million annualized transformation program EBITDA benefit in second quarter; expecting a $200 million annualized exit-rate transformation EBITDA benefit at year-end ...
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.
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.
Frontier Communications Corporation plans to release second quarter 2019 results on Tuesday, August 6, 2019, after the market closes, and to host a conference call that afternoon at 4:30 P.M.
If you're interested in Frontier Communications Corporation (NASDAQ:FTR), then you might want to consider its beta (a...
Frontier Communications Corporation (“Frontier”) (FTR) announced today that its Board of Directors adopted a shareholder rights plan designed to protect the availability of Frontier’s net operating loss carryforwards (“NOLs”) under the Internal Revenue Code ("Section 382 Rights Plan"). As of December 31, 2018, Frontier had U.S. federal NOLs of approximately $2.4 billion available to offset its future federal taxable income. Frontier’s ability to use these NOLs would be substantially limited if it experienced an “ownership change” within the meaning of Section 382 of the Internal Revenue Code.
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 […]
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.
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.
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.
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.