News articles about Frontier Communications Corporation (NASDAQ:FTR) have trended somewhat positive on Thursday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Frontier Communications Corporation earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 44.6647904374937 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Cowen and Company restated a “hold” rating and issued a $14.00 price target on shares of Frontier Communications Corporation in a research note on Thursday, October 19th. BidaskClub cut Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Deutsche Bank AG reduced their price objective on Frontier Communications Corporation from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $16.00 price objective on shares of Frontier Communications Corporation in a research report on Sunday, September 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Frontier Communications Corporation has a consensus rating of “Hold” and an average price target of $8.94.
Frontier Communications Corporation (NASDAQ FTR) traded up 0.79% on Thursday, reaching $11.48. The company’s stock had a trading volume of 2,135,134 shares. The firm’s market capitalization is $901.36 million. The company has a 50 day moving average of $12.30 and a 200 day moving average of $17.17. Frontier Communications Corporation has a 52 week low of $11.16 and a 52 week high of $63.90.
Frontier Communications Corporation (NASDAQ:FTR) last posted its quarterly earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.07) by ($0.03). The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm posted ($0.29) earnings per share. On average, analysts forecast that Frontier Communications Corporation will post ($4.13) earnings per share for the current year.
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Frontier Communications Corporation Company Profile
Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).
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