Frontier Communications (FTR) Declares $0.04 Quarterly Dividend; 8.3% Yield

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Go back to Frontier Communications (FTR) Declares $0.04 Quarterly Dividend; 8.3% Yield

Cowen Downgrades Frontier Communications (FTR) to Market Perform; Div Cut Doesn't Changes Weak Fundamentals

May 3, 2017 6:47 AM EDT

Cowen downgraded Frontier Communications (NASDAQ: FTR) from Outperform to Market Perform with a price target of $2.00 (from $4.00).

Analyst Gregory Williams said the dividend cut was the right move for financial flexibility, but does little to solve fundamental issues that they'd hoped would've been... More

Frontier Communications (FTR) Misses Q1 EPS by 6c, In-Line Revenues; Reiterates FY17 Guidance

May 2, 2017 4:06 PM EDT

Frontier Communications (NASDAQ: FTR) reported Q1 EPS of ($0.11), $0.06 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $2.36 billion versus the consensus estimate of $2.35 billion.

Guidance

For the full year 2017, Frontier reiterated its guidance of:

Adjusted free cash flow - $800 million to $1.0... More