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How Is Frontier Communications Stock Placed for 2019?

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Analysts on Frontier stock

On January 3, Frontier Communications (FTR) had “buy” ratings from one out of 13 analysts and “hold” ratings from six analysts. Six analysts had “sell” ratings on the stock. Frontier stock has fallen ~67.6% in the trailing-12-month period and ~1.7% year-to-date.

Based on the stock’s January 3 price of $2.34, analysts’ consensus target price of $5.25 implies that the stock has the potential to rise ~124.4% over the next 12 months. This target price has risen from $5.16 a month ago.

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Analysts’ revenue expectations

Analysts expect Frontier to post revenue of $2.1 billion in the fourth quarter to take its total revenue for 2018 to $8.6 billion, down ~6.1% YoY (year-over-year) from $9.1 billion in 2017. Analysts expect the company’s revenue to fall ~4.6% YoY to $8.2 billion in 2019.

In comparison, Comcast’s (CMCSA) revenue is expected to rise ~26.2% YoY to $27.7 billion in the fourth quarter, while Charter Communications’ (CHTR) revenue is expected to rise ~5% YoY to $11.1 billion.

In the integrated US telecommunications space, Verizon’s (VZ) revenue is expected to rise ~1.2% YoY to $34.4 billion in the fourth quarter, while AT&T’s (T) revenue is expected to rise ~15.9% YoY to $48.5 billion.

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