Last $6.28 USD
Change Today 0.00 / 0.00%
Volume 4.0M
FTR On Other Exchanges
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As of 4:30 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

frontier communications corp (FTR) Snapshot

Open
$6.28
Previous Close
$6.28
Day High
$6.29
Day Low
$6.22
52 Week High
07/29/14 - $7.24
52 Week Low
11/1/13 - $4.36
Market Cap
6.3B
Average Volume 10 Days
7.8M
EPS TTM
$0.20
Shares Outstanding
1.0B
EX-Date
09/10/14
P/E TM
32.1x
Dividend
$0.40
Dividend Yield
6.38%
Current Stock Chart for FRONTIER COMMUNICATIONS CORP (FTR)

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frontier communications corp (FTR) Details

Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers data and Internet services comprising residential services, such as wireline and wireless broadband, dial up Internet, portal, and e-mail products; commercial services, such as Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing data transport services, and optical transport services; Frontier Secure suite of products for computer security and technical support; and commercial voice over Internet protocol services. It also provides local and long distance voice services, including local voice services; enhanced services, such as call forwarding, conference calling, caller identification, voicemail, and call waiting services; long distance network services; and packages of communications services. In addition, the company offers switched access services that facilitate other carriers to use the company’s facilities to originate and terminate their local and long distance voice traffic. Further, it provides satellite and terrestrial video services; a range of third-party communications equipment to small, medium, and enterprise business customers; and directories. As of December 31, 2013, Frontier Communications Corporation had 2,803,500 residential customers; 270,800 business customers; 1,866,700 broadband subscribers; and 385,400 video subscribers. The company was formerly known as Citizens Communications Company and changed its name to Frontier Communications Corporation in July 2008. Frontier Communications Corporation was founded in 1927 and is based in Stamford, Connecticut.

13,900 Employees
Last Reported Date: 08/7/14
Founded in 1927

frontier communications corp (FTR) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $566.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $492.4K
Executive Vice President of Strategy
Total Annual Compensation: $506.3K
Executive Vice President of External Affairs
Total Annual Compensation: $385.4K
Compensation as of Fiscal Year 2013.

frontier communications corp (FTR) Key Developments

Customers File Class-Action Lawsuit against Frontier Communications for Failing to Provide High-Speed Internet Services

Frontier Communications customers have filed a class-action lawsuit against the company in West Virginia, alleging Frontier failed to provide the high-speed Internet services it advertised. Customers also complained about frequent Internet outages, and having to repeatedly turn their modems off and on to restore broadband service, according to the lawsuit filed in Lincoln County Circuit Court. Frontier advertised a service called High-speed Internet Max, which provides speeds up to 12 megabits per second. But the company throttled back Internet speeds, particularly in rural areas, without properly notifying customers, according to the lawsuit. Some customers were receiving speeds below 1 megabit per second, but paying for the faster service, the suit alleges. Frontier's false advertising violates the West Virginia Consumer Credit and Protection Act, according to the complaint. In the lawsuit, the customers say Frontier's alleged dialing back of customers Internet speeds - a practice known in the industry as provisioning - saves the company a fortune in costs that Frontier must pay Internet wholesalers such as Sprint and AT&T. The lawsuit alleges only 12% of Frontier's customers receive Internet speeds that meet a state and federal download speed standard of 4 megabits per second. By contrast, 80% of Suddenlink and Comcast subscribers have Internet speeds that meet the standard. The lawsuit has three plaintiffs so far: April Morgan, a Frontier customer who lives in Marion County; and Greenbrier residents Trisha Cooke and Michael Sheridan, who is Ben Sheridan's father. The three subscribed to Frontier's High-speed Internet Max service for about $40 a month. That product's Internet speeds weren't sufficient to view YouTube videos and streaming video services such as Netflix, according to the lawsuit. The complaint alleges that Frontier didn't have the Internet network capacity to provide its faster speeds to all customers.

Connecticut PURA Clears Frontier's Deal for AT&T's Wireline Unit

Frontier Communications Corp. announced that the Public Utilities Regulatory Authority (PURA) of Connecticut had approved its acquisition of the wireline business of AT&T Inc. in the state. The PURA clearance marks the successful receipt of all necessary regulatory approvals for the transaction. The all-cash deal, which is valued at USD 2 billion (EUR 1.6 billion), is scheduled for completion on 24 October. Earlier 2014, Frontier announced that it planned to fund the transaction through debt. In its ruling, PURA stated that the acquisition would be in the best public interest and found that Frontier had all the necessary resources to provide customers with safe and reliable services.

Paul Quick to Lead Frontier Communications Corporation's Connecticut Operations as Senior Vice President & General Manager

Frontier Communications Corporation announced that the State of Connecticut Public Utilities Regulatory Authority(PURA) has approved the company's purchase of AT&T Connecticut's wireline operations. The company has announced that Paul Quick will lead its Connecticut operations as Senior Vice President & General Manager and will be based in Hartford.

 

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Industry Analysis

FTR

Industry Average

Valuation FTR Industry Range
Price/Earnings 35.3x
Price/Sales 1.3x
Price/Book 1.6x
Price/Cash Flow 4.8x
TEV/Sales NM Not Meaningful
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