Zacks Provided 2.42 Rating to Frontier Communications Corporation (NASDAQ:FTR)
Frances Clayton | March 17, 2017, 1:13
Over the past five trading sessions shares of Frontier Communications Corporation (NASDAQ:FTR) are 0.75%; -23.52% for the month; -25.89% for the last quarter; -42.27% for the past six-months; and -47.64% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower.
Frontier Communications Corporation (NASDAQ:FTR) has a market capitalization of 2.97 Billion. The stock has its 52-Week High on April 20, 2016 and 52-Week Low on Mar 13, 2017.
When it comes to the Analysis of a Stock, Price Target plays a vital role. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.50 billion.
When we look at the Analyst Recommendations of the stock, the company has 2.42 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.
Many Analysts provided their foresight on Revenue Estimates of Frontier Communications Corporation where they believe that the company has the potential to earn average revenue of $2.35 Billion for the current quarter. While the actual EPS the company reported in the same quarter previous year was 0.01/share. According to these analysts, the Low Revenue Estimate for Frontier Communications Corporation is 2.33 Billion and the High Revenue Estimate is 2.37 Billion.
In case of Revenue Estimates, 10 analysts have provided their consensus Average Revenue Estimates for Frontier Communications Corporation as 2.35 Billion. The low EPS estimate is $-0.07, while the high EPS estimate is $-0.01. The stock traded with the volume of 77.74 Million shares in the last trading session. Frontier Communications Corporation got Downgrade on 7-Mar-17 where investment firm BofA/Merrill Downgrade the stock from Buy to Neutral. There was a stock increase by 0 percent.
While Looking at Sales Growth (Year/est), the company is now showing a percentage value of -100 percent. Frontier Communications Corporation has a 52-week low of 2.31 and a 52-week high of 5.75. The stock is now has its Return on Assets (ROA) value of -5.2 Percent. They now have a Dollars 3.85 price target on the stock. The Stock shows P/E value of 0 and Forward P/E of 0. Current price places the company's stock 18.36% away from its 200-day simple moving average, 18.36%, away from the 50-day average and also 18.36% away from 20-day average. The insider owns 2,967,797 shares as of 0.25%, now worth $7508526.41. Finally, Bank of America Corp lowered shares of Frontier Communications Corp from a "buy" rating to a "neutral" rating and set a $2.50 price target for the company.in a report on Tuesday, March 7th.
Frontier Communications Corporation Gross Margin percentage stands at 62.3% while its Operating Margin for trailing twelve month is 10 percent and Profit margin (ttm) is -6.6 Percent. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 20%. The analyst recommendations from a month ago are 7 Buy, 1 Overweight, 1 Sell, 8 Hold and 0 Underweight. Judd, who joins F5 with over 25 years of experience, has held various leadership roles in the IT, telecommunications and networking industries.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms.