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On Dec 12, we issued an updated research report on Frontier Communications Corporation . The company has seen a price decline of 26.34% year to date as compared to the Zacks categorized Wireline - Regional – Rural industry’s decline of 16.52%. However, we are impressed with Frontier Communications’ focus to rake in more profits through customer retention, market share gain, new product introduction, broadband expansion and improved sales and marketing initiatives. This is the primary reason why Frontier Communications currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Frontier Communication is presently focusing on cost control by bringing about productivity and customer-oriented enhancements, thus improving efficiencies of its operations. We are also encouraged by sustainable broadband subscriber growth supported by strong network expansion and improved pricing structure.
Also, Frontier Communications is leaving no stones unturned to derive benefits from the growing Business Service segment. Particularly, the company has been targeting the Small and Medium Businesses (SMBs). It has been enhancing its Ethernet capabilities lately and eyeing the retention of SMB customers with attractive plans. While the company has been primarily focusing on driving the uptake of its services by SMB customers, Frontier Communications is expanding its fiber-based broadband footprint to cater to the needs of larger customers. However, the company faces intense competition from the likes of CenturyLink Inc. and Telephone & Data Systems Inc. (TDS - Free Report) in this space.
Risks Remain
Frontier Communications expects to continue experiencing decline in wireless backhaul revenues in 2016. This is because a number of its carrier partners might migrate to Ethernet solutions at lower price points while some customers may switch to competitors. Also, Frontier Communications is experiencing a decline in its residential voice segment. Management expects this trend to persist in the near future. Moreover, improper integration of wireline assets acquired from Verizon Communications Inc. (VZ - Free Report) may result in operational inefficiencies going forward.
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Frontier Communications: View Strong, Voice Revenue Soft
On Dec 12, we issued an updated research report on Frontier Communications Corporation . The company has seen a price decline of 26.34% year to date as compared to the Zacks categorized Wireline - Regional – Rural industry’s decline of 16.52%. However, we are impressed with Frontier Communications’ focus to rake in more profits through customer retention, market share gain, new product introduction, broadband expansion and improved sales and marketing initiatives. This is the primary reason why Frontier Communications currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Frontier Communication is presently focusing on cost control by bringing about productivity and customer-oriented enhancements, thus improving efficiencies of its operations. We are also encouraged by sustainable broadband subscriber growth supported by strong network expansion and improved pricing structure.
Also, Frontier Communications is leaving no stones unturned to derive benefits from the growing Business Service segment. Particularly, the company has been targeting the Small and Medium Businesses (SMBs). It has been enhancing its Ethernet capabilities lately and eyeing the retention of SMB customers with attractive plans. While the company has been primarily focusing on driving the uptake of its services by SMB customers, Frontier Communications is expanding its fiber-based broadband footprint to cater to the needs of larger customers. However, the company faces intense competition from the likes of CenturyLink Inc. and Telephone & Data Systems Inc. (TDS - Free Report) in this space.
Risks Remain
Frontier Communications expects to continue experiencing decline in wireless backhaul revenues in 2016. This is because a number of its carrier partners might migrate to Ethernet solutions at lower price points while some customers may switch to competitors. Also, Frontier Communications is experiencing a decline in its residential voice segment. Management expects this trend to persist in the near future. Moreover, improper integration of wireline assets acquired from Verizon Communications Inc. (VZ - Free Report) may result in operational inefficiencies going forward.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>