According to the data compiled by Reuters, as of June 11, among the 11 analysts tracking Frontier Communications (FTR) stock, four recommend a “hold,” while seven recommend a “sell.” None of the analysts recommended a “buy.”
According to Wall Street analysts’ consensus, Frontier’s mean target price was $2.28 per share on June 11, which implies upside potential of ~34.9% over the next 12 months from its current market price of $1.69 per share. The median target price was $2.38 on June 11. On June 10, UBS cut its target price on Frontier stock from $2.50 to $1.50.
Analysts expect Frontier to report a ~4.6% fall in revenue to $8.2 billion in fiscal 2019 compared to $8.6 billion in fiscal 2018. The company’s adjusted EPS are expected to be -$1.43 in fiscal 2019 compared to -$1.34 in fiscal 2018.