Nomura Gives Buy Rating to Frontier Communications (FTR)

By admin | 7 years ago

Frontier Communications (NYSE: FTR)‘s stock had its “buy” rating reaffirmed by Nomura (NYSE: NMR) in a research note issued on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Frontier Communications in a research note to investors on Friday, March 23rd. They now have a $4.50 price target on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) raised their EPS on shares of Frontier Communications in a research note to investors on Thursday, February 23rd. They now have an “equal weight” rating on the stock. Finally, analysts at Hudson Securities downgraded shares of Frontier Communications from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, February 22nd.

Frontier Communications opened at 3.26 on Tuesday. Frontier Communications has a 1-year low of $3.06 and a 1-year high of $8.97. The company has a market cap of $3.224 billion and a price-to-earnings ratio of 27.39.

Frontier Communications last released its earnings data on Monday, May 7th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.03. Frontier Communications’s revenue was down 5.8% compared to the same quarter last year. Analysts expect that Frontier Communications will post $0.06 EPS next quarter.

Frontier Communications Corporation (Frontier) is a communications company providing services predominantly to rural areas and small and medium-sized towns and cities.

About the author