FTR

Frontier Communications Corporation

TMT


Presented:04/20/2016
Price:$84.45
Cap:$6.54B
Current Price:$0.06
Cap:$0.01B

Presented

Date04/20/2016
Price$84.45
Market Cap$6.54B
Ent Value$11.96B
P/E RatioN/A
Book Value$72.15
Div Yield0.08%
Shares O/S77.41M
Ave Daily Vol1,274,333
Short Int13.55%

Current

Price$0.06
Market Cap$0.01B
Frontier Communications Corp. is a communications company, which provides services to rural areas and small and medium-sized towns and cities in the U.S. It offers a variety of voice, data, Internet, and television services and products. The company provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. Frontier Communications was founded in 1935 and is headquartered in Stamford, CT.

Please note, this stock split on 7/10/2017 at a ratio of 1/15. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $5.63.

Publicly traded companies mentioned herein: Frontier Communications (FTR), AT&T (T) and Verizon (VZ).

Highlights

The presenter is short shares of Frontier Communications on the thesis that actual financial results for Frontier last year were somewhat masked by the company’s acquisition of various AT&T (T) assets in Connecticut, as well as the fact that FTR received Connect America funding (federal funding promoting broadband in rural areas), resulting in a one-time revenue and EBITDA benefit. Adjusted for those, Frontier’s total revenue actually declined by around 6% last year, according to the presenter. He believes 2016 results are therefore highly unlikely to see a similar year-over-year benefit. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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