Frontier Communications Corp (NASDAQ:FTR) plunged -0.30% during previous trade, a total of 24.59M shares exchanged hands compared with its average trading volume of 19.91M shares whereas its relative volume is 1.22. The stock has a market capitalization of $3.81B along with 1.17B outstanding shares. Stock’s intraday price range hit the peak level of $3.39 and touched the lowest level of $3.26.
Most recently Frontier Communications Corp (NASDAQ:FTR)’s price target was revised on 1/17/17 and according to 12 analysts stock’s price will reach at $4.65 during 52 weeks with standard deviation of 1.01. Stock’s minimum price target estimates has been figured out at $3 while the maximum price target forecast is established at $7.50, if we look at the price target with an optimistic approach it has upside potential of 128% from its latest closing price of $3.29.
Historically, if we look at price target revisions, three weeks ago Frontier Communications Corp (NASDAQ:FTR)’s price target was revised on 1/17/17 by the analysts, however the bullish price estimates of the stock set at $7.50 while the bearish estimates kept at $4 over the next one year. Stock’s 52-week target was retained at $5.11, the estimates indicates a standard deviation of 1.01.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.08. ABR value is precisely based on brokerage recommendations, where out of 12 brokerage recommendations 5 rate Frontier Communications Corp (NASDAQ:FTR) stock a Strong Buy, 1 rate the stocks of the company a Buy, 6 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 11/2/16 the stock of Frontier Communications Corp (NASDAQ:FTR) downgraded by Deutsche Bank from Buy to Hold. However previously on 11/2/16 it was downgraded by Wells Fargo from Outperform to Market Perform. A research note issued on 9/6/16 the stock was upgraded by Macquarie from Underperform to Neutral
Frontier Communications Corp (NASDAQ:FTR) performance over the past one year plunged -20.47% whereas its year to date (YTD) performance indicated a bearish trend of -2.66%. During the last six months the stock slipped -26.47%. Quarterly performance of the company shows optimistic momentum of 2.79% while its last one month trend is negative with -7.06%. Stock’s weekly performance expressed up trend of 0.30%.
The company’s price sits -4.99% below from its 50-day moving average of $3.47 and -19.98% far from the stock’s 200-day moving average which is $3.91. Frontier Communications Corp (NASDAQ:FTR)’s shares are currently trading -38.38% away from the 52-week high price of $5.34 and +9.42% far from the 52-week low price of $3.01.
According to consensus agreement of 10 analysts Frontier Communications Corp (NASDAQ:FTR) will report earnings per share of $-0.05 in their quarterly report and it is expected to announce the company’s results on 2/27/17 After Market Close. For the current quarter the company has high EPS estimates of $-0.01 in contradiction of low EPS estimates of $-0.12. However a year ago for the same quarter the company has reported $0.05 EPS. Current year EPS projections for Frontier Communications Corp (NASDAQ:FTR) set at $-0.1 according to the sentiments of 9 analysts, while its lowest earnings estimates are $-0.17 and highest earnings estimates are $-0.06.
According to 11 analysts, Frontier Communications Corp (NASDAQ:FTR)’s revenue estimates for the current quarter are $2.5B meanwhile the company has high revenue estimates of $2.54B in contradiction of low revenue estimates of $2.47B. For the current year the company’s revenue estimates are $9.16B compared to low analyst estimates of $8.96B and high estimates of $10.38B according to the projection of 15 analysts.