Frontier Communications Corporation (NASDAQ:FTR) share price jumped at US$ 3.35 before falling back to end the trade at US$ 3.3 a share. The dividend stock is -38.19% off a 52-week high stock price of US$ 5.85 but is up 9.75% since hitting the US$ 3.1.
After a -1.2% fall from previous close of US$ 3.34, Frontier Communications Corporation (FTR) has a US$ 3.84 Billion market cap. The company pays a US$ 0.105-cent-per-share quarterly dividend, giving it a 12.73% yield. That brings its full year payout to US$ 0.42.
The FTR has tumbled -2.37% year-to-date. The equity has gained steam in recent weeks, with shares up about 5.01% in the past three months. It went down 0%, climbed -7.04% and jumped -28.22% in the week, one month and six months, respectively. Revenue growth rate was recorded at 8% and net income per share was seen moving at a -26.8% rate in the past five years.
Frontier Communications Corporation (NASDAQ:FTR) is over 39% above analysts’ consensus price target of US$ 4.65. The stock has yet to strike analysts’ low price target of US$ 3.85, and is still below the high US$ 7.5 target. On a price appreciation basis over the past 12 months, the stock returned -18.07%.
The most recent short interest data show 19.24% of the company’s stock are short sold. It would take about 11.1 days to cover all short positions. In terms of volatility, it has a beta coefficient of 0.74 and technical analysis volatility indicator called Average True Range or ATR around 0.09.
Frontier Communications Corporation (NASDAQ:FTR) closed -19.9% below its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is -4.75% below another chart threshold, its 50-day moving average and -3.35% below its 20-day simple moving average.Considerable Dividend Stock: Frontier Communications Corporation (NASDAQ:FTR)