Frontier Communications Corporation (NASDAQ:FTR) registered a -1.17% decrease, still its new closing price is 12.08% up from the company’s 1 year high of 5.34.It posted -3.71% losses in previous 5 sessions and is now the subject of 7 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 3 buy or better ratings. The 15 stock analysts following this company have an average price target at $4.65, with individual PT in the $3.00-$7.50 range. The shares moved at $3.37, implying that brokerage firms see shares losing about -19.60% in twelve months time.
Frontier Communications Corporation (FTR) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -0.30% fall year to date. A EVP, Chief Technology Officer at Frontier Communications Corporation (FTR) acquired shares in a transaction closed on Thursday November 12, 2015. Gable Steve bought 53,416 shares in the company at $4.75 each and collected $253,001 in proceeds. Gable Steve now owns 112,567 shares in the company after this transaction. A EVP, Chief People Officer in the company, Weslock Kathleen, disclosed a transaction on Tuesday November 10, 2015 that ended up paying $59,001 from the purchase of 12,370 shares at $4.82 per share.
Frontier Communications Corporation (NASDAQ:FTR) Upcoming Results on Tap
Frontier Communications Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.04 in that period. Sales during the quarter are predicted to arrive at $2.48 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.52 billion in revenue and EPS of $-0.04. The mean forecast was for $2.57 billion and $-0.04 a share, respectively. One quarter earlier, revenue for the stock was at $2.61 billion, with earnings at $-0.02/share.
Frontier Communications Corporation (FTR) Brokerage Update
Frontier Communications Corporation (FTR) is in Deutsche Bank’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Deutsche Bank, according to news reported on Wednesday November 02, 2016.Another important research note was issued by Wells Fargo on Wednesday November 02, 2016.The firm downgraded FTR to Market Perform from Outperform. Over the last six months and over the last three months, the shares of Frontier Communications Corporation (FTR), have changed -26.25% and -11.59%, respectively.