Analysts on Frontier stock
According to data compiled by Reuters, as of September 27, only 7% of the 15 analysts covering Frontier Communications (FTR) stock have given it a “buy” recommendation. About 53% remain uncertain and have given it a “hold,” and the remaining 40% have given it a “sell.”
Frontier stock has fallen ~47.6% in the last 12 months and ~4.1% year-to-date. Analysts expect it to fall ~3.1% over the next 12 months. Their recommendations show a consensus 12-month target price of $6.28 compared to its price of $6.48 on September 27. Analysts’ consensus target price was unchanged from August.
Wall Street analysts expect Frontier to report an adjusted EPS loss of $0.21 in the third quarter compared to a loss of $0.94 in the third quarter of 2017. They’re forecasting Frontier’s revenue to fall ~5.6% YoY (year-over-year) to $2.1 billion.
In the integrated US telecommunications space, Verizon’s (VZ) revenue is anticipated to grow ~2.5% YoY to $32.5 billion in the third quarter, while AT&T’s (T) is expected to rise ~14.6% YoY to $45.6 billion.