|Bid||4.0100 x 1100|
|Ask||4.0200 x 4000|
|Day's Range||3.9200 - 4.0950|
|52 Week Range||3.8100 - 11.6400|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.71|
In the third quarter, Frontier Communications’ (FTR) subscriber losses continued as the company lost broadband customers. On a net basis, the wireline player lost 61,000 broadband customers, compared to a loss of 63,000 broadband customers in Q3 2017. Frontier’s broadband subscribers fell ~5.0% year-over-year or YoY to 3.8 million at the end of September 30.
In the third quarter, Frontier Communications’ (FTR) subscriber losses continued as it lost video customers. Frontier lost 37,000 video subscribers in the third quarter, which includes 8,000 DISH customers. It lost 36,000 video subscribers in Q3 2017, which included 10,000 DISH customers. The company’s total video customers declined ~11.5% year-over-year or YoY to 1.1 million at the end of September 30. The main reason for the reduction was the growing popularity of over-the-top or OTT video streaming services.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The telecommunications company posted lower-than-expected losses and marginally beat revenue expectations. Despite topping Wall Street’s estimates, the company lowered its outlook on adjusted EBITDA and free cash flow. Owing to soft third-quarter results, of the 14 analysts covering Frontier, seven have given the stock “sell” ratings, while six have given it “hold” ratings.
Frontier Communications (FTR) has been posting negative EPS for the past ten consecutive quarters. The telecommunications company again disappointed investors with its third-quarter earnings results, which it released on November 6.
Frontier stock fell 22.9% on November 7 to close at $4.06. The stock is currently trading 65% below its 52-week high of $11.64. FTR stock has fallen 37.5% since the start of October and is down 40% in 2018. The stock has been in a steep decline since 2016 when it lost 22% in market value. 2017 was even worse for FTR with a fall of 87%. FTR has been grappling with several issues such as declining sales and limited growth potential.
The wireline company’s earnings topped estimates, but lackluster guidance raised concern about debt and sent the stock ds shares tumbling.
Frontier Communications (FTR) aims to expand its Fiber-based broadband footprint to cater to the evolving needs of customers. This augurs well for the long-term growth of the company.
U.S. Federal Communications Commission Chairman Ajit Pai on Monday wrote the chief executives of major telephone service providers and other companies, demanding they launch a system no later than 2019 to combat billions of "robocalls" and other nuisance calls received monthly by American consumers. In May, Pai called on companies to adopt an industry-developed "call authentication system" or standard for the cryptographic signing of telephone calls aimed at ending the use of illegitimate spoofed numbers from the telephone system. The letters went to 13 companies including AT&T Inc (NYSE:T - News), Verizon Communications Inc (NYSE:VZ - News), T-Mobile US Inc (NasdaqGS:TMUS - News), Alphabet Inc (NasdaqGS:GOOGL - News), Comcast Corp (NasdaqGS:CMCSA - News), Cox Communications Inc, Sprint Corp (NYSE:S - News), CenturyLink Inc (NYSE:CTL - News), Charter Communications Inc (NasdaqGS:CHTR - News), Bandwith Inc (NasdaqGS:BAND - News) and others.
As of October 30, 17 analysts from different brokerage firms have been actively tracking CenturyLink (CTL) stock. Nine rated the stock as a “hold,” two rated the stock as a “sell,” and six rated the stock as a “buy.” Nearly 53% of analysts gave the company “hold” recommendations.
As of October 30, Verizon (VZ) was the largest US telecom player by market capitalization at $240.4 billion, followed by AT&T (T) at $221.3 billion. In the US wireline space, CenturyLink (CTL) had a market capitalization of $22.1 billion, as the below chart shows. The market caps of Windstream Holdings (WIN) and Frontier Communications (FTR) were $0.2 billion and $0.5 billion, respectively.
Frontier Communications (FTR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Now let’s take a look at Frontier Communications’ (FTR) performance in terms of broadband subscriber net additions in the third quarter. Wall Street analysts expect a net loss of Frontier’s broadband subscribers in the third quarter, mainly due to the migration of Frontier’s subscribers to the top US cable players, including Charter Communications (CHTR) and Comcast (CMCSA). In the second quarter, on a net basis, Frontier lost 32,000 broadband subscribers compared to its loss of 100,000 broadband subscribers in the previous year’s quarter. The company’s number of broadband subscribers had fallen ~4.9% YoY (year-over-year) to 3.9 million as of June 30.
Investors need to pay close attention to Frontier Communications (FTR) stock based on the movements in the options market lately.
Charter Communications (CHTR) has been consistently spending on capital expenditures (or capex) to improve its network. Wall Street analysts expect Charter’s capex spending to reach $2.2 billion in the third quarter.
Now we’ll discuss Charter Communications’ (CHTR) performance in terms of video subscriber net additions in the third quarter. Wall Street analysts expect a net loss for Charter’s video customers in the third quarter. The company continued to face stiff competition from OTT (over-the-top) video streaming offerings at competitive prices.
Previously, we discuss how much total revenue growth investors can expect from Charter Communications (CHTR) in the third quarter. Now, let’s take a look at the company’s expected consolidated adjusted EBITDA in the third quarter. Wall Street analysts expect Charter’s consolidated adjusted EBITDA to grow ~4.7% year-over-year to $4.0 billion in the third quarter.
In the previous part of this series, we discussed analysts’ expectations for Charter Communications’ (CHTR) third-quarter earnings. Now, we’ll discuss Charter’s expected total revenues in the third quarter. Analysts expect Charter’s total revenues to increase ~5.2% YoY (year-over-year) to $11.0 billion in the third quarter.
NEW YORK, Oct. 23, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
DISH Network (DISH) has recently launched a Latino-targeted channel focused on delivering English-language instructions to Hispanic people in the United States who may want to learn English or improve their English proficiency.
Industry trade groups representing Comcast (CMCSA), Charter Communications (CHTR), Verizon (VZ), and other Internet access providers have sued to block California’s new Internet regulations. Last month, California adopted rules that prohibit Internet providers from throttling traffic or introducing paid prioritization. The move came in response to the move by the Federal Communications Commission (or FCC) to do away with the Obama-era open Internet regulations—better known as net neutrality rules.