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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