Frontier Communications (FTR) Declares $0.04 Quarterly Dividend; 8.3% Yield
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Cowen Downgrades Frontier Communications (FTR) to Market Perform; Div Cut Doesn't Changes Weak Fundamentals
May 3, 2017 6:47 AM EDTCowen 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 EDTFrontier 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