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Frontier Makes Structural Changes Q1 Review and Analyst Ratings

Tuesday, 09 May 2017 08:00 AM

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NEW YORK, NY / ACCESSWIRE / May 9, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and micro-cap public companies, is issuing a comprehensive report with no obligation on Frontier Communications Corporation (NASDAQ: FTR), a provider of communications services in the United States. On May 2, 2017, Frontier declared a cash dividend of $0.04 per share of common stock, payable on June 30, 2017. This represents a 62 percent reduction from the previous quarterly payout of $0.105 per common share, in effect since the first quarter of 2015. The same day, Frontier also announced that its board of directors had approved a 1-for-15 reverse stock split.

Last year, the company acquired certain assets from Verizon. Their two distinct segments now consist of Frontier's Legacy business and wireline operations acquired from Verizon Communications Inc. in April 2016. The Verizon assets are primarily located in California, Texas, and Florida (CTF).

Analysts target price, financial overview and the Verizon deal, all discussed here: READ MORE

Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/frontier/.

Since the closing of the Verizon transaction last year, Frontier's bottom-line has been impacted by non-paying accounts in the CTF territory. Management has indicated that this cleanup process is now complete, and that it has taken steps to improve customer acquisition and retention to stabilize revenue. Despite these issues, the company is generating positive cash flow, and the recent dividend cut should provide the company greater flexibility to address its significant long-term debt.

The past few quarters have been disappointing for Frontier's shareholders. However, management has indicated that many of the negative subscriber and revenue trends should improve throughout the year. Management has also demonstrated discipline on the expense side, and many synergies from the Verizon transaction have already been realized.

How will the reverse stock split and lowered dividend impact Frontier shares? - READ MORE.

Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/frontier/.

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SOURCE: Traders News Source

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