19 Jun

Frontier Stock Continued to Lose Market Value in June

WRITTEN BY Ambrish Shah

Frontier Communications’ stock returns

Frontier Communications (FTR) has continued to burn investors’ wealth. The stock has fallen close to 25.5% since the beginning of June. On June 17, Frontier Communications closed at $1.40, which was 4.1% lower than its previous closing price, 82.1% lower than its 52-week high of $7.83, and 6.1% higher than its 52-week low of $1.32. The company’s market cap is $0.14 billion.

Based on Frontier Communications’ closing price on June 17, the company has reported returns of -21.4% in the last five trading days, -27.1% in the trailing one-month period, and -81.7% in the trailing 12-month period. The company has reported returns of -41.2% since the beginning of 2019.

Analysts’ views

Among the 11 analysts tracking Frontier Communications, seven recommended a “sell,” while four recommended a “hold.” None of the analysts recommended a “buy.” The analysts have an average target price of $2.28, which indicates that the stock has an upside potential of 62.9% from the current levels.

Growth projections

Analysts expect Frontier Communications’ revenues to see year-over-year changes of -4.2% to $2.07 billion in the second quarter, -3.9% to $2.04 billion in the third quarter, and -4.7% to $2.03 billion in the fourth quarter. Analysts expect the company to report an adjusted EPS of -$0.28 in the second quarter, -$0.23 in the third quarter, and -$0.10 in the fourth quarter.

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