Morningstar - Frontier Communications Corporation Class B (FTRCQ) Frontier faces a narrow path of recovery due to competition and a heavy debt load.

Report

Morningstar

Alex Zhao

EUR 101.80 For Business Accounts Only

Frontier faces a narrow path of recovery due to competition and a heavy debt load.

We are relaunching coverage of Frontier Communications with an $0.80 fair value estimate, no moat, negative moat trend, and an extreme fair value uncertainty rating, meaning that we cannot recommend shares without a massive margin of safety. We believe Frontier faces a narrow path of recovery that leaves it with little room for error, especially given its hefty debt load, including about $6.9 billion of debt maturing over the next five years. We think the next two years will be critical for Fron...

10/07/2017 15 EN

Underlying

Frontier Communications Corporation Class B

Frontier Communications is a holding company. Through its subsidiaries, the company is a provider of communications services. The company conducts business with both consumer and commercial customers. For consumer customers, the company provides broadband, video, voice and other services and products. The company delivers these services over a combination of fiber and copper-based networks. The company's commercial customers consist of: small, medium and larger enterprise customers, whereby the company provides services including broadband service, Ethernet service, circuit-based services, SD-WAN, and managed Wi-Fi; and wholesale customers, which buy both voice and data services to supplement their own network infrastructure.

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US35906A3068 Pink OTC Markets United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Alex Zhao

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Frontier faces a narrow path of recovery due to competition and a heavy debt load.

FYBR Quick Hit: ABS debt priced

FYBR: Cash flow in steady state

ACP Part V: FCC releases survey results

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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