According to data compiled by Reuters, as of May 16, among the 12 analysts following Frontier Communications (FTR) stock, seven recommended a “sell,” while five recommended a “hold.” None of the analysts recommended a “buy.”
According to analysts’ consensus, Frontier Communications’ mean target price was $2.31 per share on May 16, which implies an upside potential of ~14.4% over the next 12 months from its current market price of $2.02 per share. The median target price was $2.50 on May 16.
Frontier Communications has generated returns of -78.5% in the trailing 12-month period and -18.9% in the trailing one-month period. The share price has decreased 6.9% in the last five trading days. CenturyLink (CTL), Charter Communications (CHTR), and Comcast (CMCSA) have generated returns of -1.9%, 2.1%, and 0.6%, respectively, in the last five trading days.
On May 16, Frontier Communications’ 14-day MACD (moving average convergence divergence) was -0.14. The negative number suggests a downward trading trend for Frontier Communications. A company’s MACD is calculated as the change between its long-term and short-term moving averages. Charter Communications’ 14-day MACD was 3.35, CenturyLink’s was -0.33, and Comcast’s was -0.13.
Analysts’ recommendations for peers
About 67% of the 30 analysts covering Charter Communications recommended a “buy,” 76% of the 33 analysts tracking Comcast recommended a “buy,” and 12% of the 16 analysts tracking CenturyLink recommended a “buy.”