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UBS Cut Target Price on Frontier Communications

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Jun. 13 2019, Published 1:23 p.m. ET

Analyst recommendations

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.

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Analyst recommendations for peers

About 66% of the 29 analysts covering Charter Communications (CHTR) have recommended a “buy,” 78% of the 32 analysts covering Comcast (CMCSA) have recommended a “buy,” and 13% of the 15 analysts covering CenturyLink (CTL) have recommended a “buy.”

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