uploads/2019/05/Telecom-Frontier-1Q19-Analysts-Recommendations-2-1.png

Frontier Communications Stock Continued to Fall

By

Updated

Analysts’ target price

According to analysts’ consensus, Frontier Communications (FTR) has a target price of $2.31 compared to its current market price of $2.08—an estimated rise of 11.1% over the next 12 months.

Among the 12 analysts tracking Frontier Communications, five recommended a “hold,” while seven recommended a “sell.” None of the analysts recommended a “buy” as of May 14.

On May 14, Frontier Communications closed at $2.08, which was 2.5% higher than its previous closing price, 14.9% higher than its 52-week low of $1.81, and 78.9% lower than its 52-week high of $9.87. The company’s market cap is $0.22 billion.

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

Based on Frontier Communications’ closing price on May 14, the company has reported returns of -1.0% in the last five trading days, -18.8% in the trailing one-month period, and -77.5% in the trailing 12-month period. The company has reported returns of -12.6% year-to-date.

Article continues below advertisement

Growth projections

Analysts expect Frontier Communications to post an adjusted EPS of -$0.30 in the second quarter, -$0.29 in the third quarter, and -$0.07 in the fourth quarter. Analysts also expect Frontier Communications’ revenues to see year-over-year changes of -4.1% to $2.07 billion in the second quarter, -3.9% to $2.04 billion in the third quarter, and -4.7% to $2.02 billion in the fourth quarter.

Advertisement

More From Market Realist