uploads///Telecom Frontier Q Analysts Recommendations

September Update: Analysts’ Target for Frontier Unchanged


Oct. 2 2018, Updated 10:31 a.m. ET

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.”

Article continues below advertisement

Target price

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.

Third-quarter estimates

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 comparison, Comcast’s (CMCSA) revenue is expected to rise ~3.9% YoY to $21.8 billion in the third quarter. Charter Communications’ (CHTR) revenue is expected to rise ~4.8% YoY to $11 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.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.