|Bid||1.4500 x 34100|
|Ask||1.4600 x 36900|
|Day's Range||1.3200 - 1.5200|
|52 Week Range||1.3200 - 7.8300|
|Beta (3Y Monthly)||2.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.31|
Advisers for three groups of creditors have held informal discussions with Frontier ahead of $2.7 billion of debt maturities in 2022, according to people with knowledge of the matter. A group including Elliott Management Corp., Apollo Global Management LLC, Franklin Resources Inc. and Capital Group Cos. had proposed swapping their unsecured debt into new secured notes in an out-of-court transaction, with some members also favoring a Chapter 11 bankruptcy filing, the people said.
As of June 11, among the 11 analysts tracking Frontier Communications (FTR) stock, four recommend a “hold,” while seven recommend a “sell.” None of the analysts recommended a “buy.”
Year-to-date, Frontier stock has fallen 29.0%. The stock has generated a return of -18.8% in the last month and -77.1% in the last 12 months. However, analysts’ consensus estimates show that the stock could rise ~34.9% over the next 12 months.
Frontier Communications Corp NASDAQ/NGS:FTRView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is high * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NegativeShort interest is extremely high for FTR with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting FTR. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FTR totaled $6.83 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Telecommunications Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. FTR credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Frontier Communications Corporation announced today that Sheldon Bruha has been named permanent Chief Financial Officer, effective June 3, 2019. Mr. Bruha joined Frontier in February 2018 as Senior Vice President and Treasurer and had been serving as interim Chief Financial Officer since September 1, 2018.
Frontier Communications Corporation (FTR) announced today that Kevin L. Beebe, Paul M. Keglevic and Mohsin Y. Meghji have been elected to join Frontier’s Board of Directors, effective immediately. Beebe, Keglevic and Meghji will serve on the Board’s Finance Committee, which will continue to be chaired by Robert A. Schriesheim. Beebe, Keglevic and Meghji will also serve on the Board’s Audit Committee and Mr. Beebe will serve on the Board’s Compensation Committee.
While T-Mobile US (TMUS) and Sprint (S) are planning to divest Boost to win anti-trust nod, Nokia (Nok) is leading in the 5G race for commercial deals.
The sale proceeds are likely to be utilized to pay off Frontier Communications' (FTR) financial obligations, while strengthening its liquidity position.
Frontier Communications Corporation (NASDAQ: FTR ) will sell its operations and all associated assets in Washington, Oregon, Idaho and Montana to WaveDivision Capital, LLC in partnership with Searchlight ...
Frontier Communications stock soared on Wednesday, after the wireline firm said it is selling assets and will use the proceeds to decrease its debt, a longstanding issue for the company
Frontier Communications Corp. shares soared 18% Wednesday, after the company said it is selling its operations and associated assets in Washington, Oregon, Idaho, and Montana to WaveDivision Capital LLC and Searchlight Capital Partners LLC for $1.352 billion in cash. The company, a provider of video and high-speed internet services to rural and urban customers in 29 states, serves more than 350,000 residential and commercial customers in those states, which account for $619 million revenue and $46 million in net income for the 12 months to March 31. The deal is expected to close within a year. The sale "reduces Frontier's debt and strengthens liquidity," said Chief Executive Dan McCarthy. WaveDivision and Searchlight have created a new company to operate the business once the deal closes. Shares have fallen 74% in the last 12 months, while the S&P 500 has gained about 4%.
Frontier Communications’ Stock Placement Compared to Its Peers(Continued from Prior Part)Frontier CommunicationsAccording to analysts’ consensus, Frontier Communications (FTR) stock has a mean target price of $2.31 and a current market
Telecom service provider Frontier Communications Corp said on Wednesday it would sell its assets in some U.S. states to investment firms WaveDivision Capital LLC and Searchlight Capital Partners LLC for ...
Frontier Communications Corporation today announced it has entered into a definitive agreement to sell its operations and all associated assets in Washington, Oregon, Idaho, and Montana to WaveDivision Capital, LLC in partnership with Searchlight Capital Partners, LLC for $1.352 billion in cash subject to certain closing adjustments.
Frontier Communications’ Stock Placement Compared to Its PeersShareholder returns and stock trendsOn May 24, Frontier Communications’ (FTR) closing price was $1.77 per share. Based on the closing price, Frontier Communications has a market
Where's Frontier Communications Heading in 2019?(Continued from Prior Part)Moving averagesIn this part, we’ll discuss Frontier Communications’ (FTR) technical indicators compared to its peers. Recently, Frontier Communications fell below its
Where's Frontier Communications Heading in 2019?(Continued from Prior Part)Frontier’s scaleAs of May 16, Frontier Communications (FTR) had a market capitalization of $0.21 billion. CenturyLink (CTL), Charter Communications (CHTR), and Comcast
Where's Frontier Communications Heading in 2019?(Continued from Prior Part)Analysts’ recommendationsAccording to data compiled by Reuters, as of May 16, among the 12 analysts following Frontier Communications (FTR) stock, seven recommended a
Where's Frontier Communications Heading in 2019?(Continued from Prior Part)Frontier’s video customersIn the first quarter, Frontier Communications (FTR) lost a net 61,000 total video customers, which included 7,000 DISH customers. The company lost
Where's Frontier Communications Heading in 2019?(Continued from Prior Part)Frontier’s adjusted EBITDAFrontier Communications’ (FTR) adjusted EBITDA decreased ~3.9% YoY (year-over-year) to $873 million in the first quarter. However, the
Where's Frontier Communications Heading in 2019?(Continued from Prior Part)Outlook for 2019In the first-quarter earnings investor presentation, Frontier Communications (FTR) reiterated its guidance for fiscal 2019. For fiscal 2019, Frontier
Where's Frontier Communications Heading in 2019?Frontier CommunicationsDuring the JPMorgan Global Technology, Media and Communications Conference held on May 14, Daniel McCarthy, Frontier Communications’ (FTR) president and CEO, talked about the