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FTR

Frontier Communications

$7.72

-0.05 (-0.64%)

13:35
04/09/18
04/09
13:35
04/09/18
13:35

Frontier Communications put volume heavy and directionally bearish

Bearish flow noted in Frontier Communications with 1,161 puts trading, or 1.2x expected. Most active are Apr-18 8 puts and Jul-18 6 puts, with total volume in those strikes near 560 contracts. The Put/Call Ratio is 5.50, while ATM IV is up over 1 point on the day. Earnings are expected on May 1st.

  • 01

    May

FTR Frontier Communications
$7.72

-0.05 (-0.64%)

02/28/18
JEFF
02/28/18
DOWNGRADE
Target $8
JEFF
Hold
Frontier Communications downgraded to Hold from Buy at Jefferies
Jefferies analyst Scott Goldman downgraded Frontier Communications to Hold and cut his price target for the shares to $8 from $25. With the dividend now suspended and EBITDA stabilization "still a work in progress," the shares have no near-term catalyst, Goldman tells investors in a post-earrings research note. He believes "significant challenges" remain for Frontier following the dividend suspension.
02/28/18
MSCO
02/28/18
NO CHANGE
Target $16
MSCO
Equal Weight
Frontier dividend suspension not entirely unexpected, says Morgan Stanley
Morgan Stanley analyst Simon Flannery noted that 91% of investors in a prior survey conducted by the firm said they expected Frontier Communications (FTR) to cut its dividend in 2018, though he also views the change as earlier and bigger than may have been expected. He also pointed out that when Windstream (WIN) eliminated its own dividend in August 2017, the stock fell 36% the next day, though he added that he thinks that dividend cut was more unexpected. Flannery, who questions whether the dividend news will overshadow Frontier's in-line quarterly results and better than expected 2018 guidance, has an Equal Weight rating on the stock.
02/28/18
02/28/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Celgene (CELG) downgraded to Hold from Buy at SunTrust by analyst Yatin Suneja after the company received a refusal to file letter from the FDA on ozanimod for relapsing forms of multiple sclerosis. Suneja said that following pipeline setbacks in late 2017, ozanimod was central to his "bull thesis to re-accelerate growth" and provide "much needed diversification away from myeloma." Given the delay, he lowered his ozanimod peak sales estimate to $3.5B from $5B. The refusal to file letter could result in a 24-month or longer delay for ozanimod's launch in relapsing forms of multiple sclerosis, Suneja said. 2. Frontier Communications (FTR) downgraded to Hold from Buy at Jefferies by analyst Scott Goldman. With the dividend now suspended and EBITDA stabilization "still a work in progress," the shares have no near-term catalyst, Goldman said. He believes "significant challenges" remain for Frontier following the dividend suspension. 3. Comcast (CMCSA, CMCSK) downgraded to Neutral from Outperform at Macquarie by analyst Amy Young, who cited uncertainty around the M&A playbook and increased net leverage. Young said Comcast's intention to acquire Sky (SKYAY) diversifies its portfolio and increases international revenues to 25% of total from 9% currently, but exposes it to satellite TV, which faces secular pressures. The analyst views the 12x price tag for Sky as high, questions the synergies, and believes the unpredictability could cap near-term upside. 4. e.l.f. Beauty (ELF) downgraded to Market Perform from Outperform at BMO Capital by analyst Shannon Coyne, who cited the "near-term challenges in the mass category" and heightened competition yielding further pressure on results and the stock in the near term. The analyst also points to the management having lowered its expectations for the 3rd time in 6 months, adding that it may take some time for investor confidence to return. Despite the downgrade, the analyst believes that e.l.f "has material white space in existing and new retailers" as well as an "unmatched strong value proposition." 5. Maxim Integrated (MXIM) downgraded to Neutral from Outperform at Macquarie by analyst Srini Pajjuri, who said shares have significantly outperformed the SOX index year-to-date and believes healthy fundamentals are now backed in, combined with some M&A premium. Pajjuri believes further upside is limited on a fundamental basis and believes comps will get tougher in the second half of 2018 and sees risk of higher volatility in Consumer as Samsung GS9 builds fade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/18
GUGG
03/13/18
INITIATION
Target $6
GUGG
Sell
Frontier Communications initiated with a Sell at Guggenheim
Guggenheim analyst Mike McCormack initiated coverage of the Telecom Services space, starting Frontier Communications with a Sell rating and $6 price target, as he believes the Independent Local Exchange Carriers, or ILECs, burdened by legacy revenue are disadvantaged.

TODAY'S FREE FLY STORIES

OPTN

Optinose

$12.86

-6.64 (-34.05%)

15:28
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  • 14

    Aug

BOOT

Boot Barn

$27.93

1.04 (3.87%)

15:20
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  • 15

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CREE

Cree

$49.94

-0.34 (-0.68%)

15:19
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  • 14

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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NYSE market internals summary »

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CSBR

Champions Oncology

$7.80

0.315 (4.21%)

15:12
08/14/18
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Conference/Events
Champions Oncology management to meet with Craig-Hallum »

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  • 14

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GLF

GulfMark Offshore

$38.18

0.48 (1.27%)

15:10
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$284.02

1.89 (0.67%)

15:06
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Technical Analysis
Technical Take: SPDR S&P 500 ETF near session highs in final hour of trading »

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SPX

S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$284.02

1.89 (0.67%)

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A

Agilent

$67.01

1.06 (1.61%)

15:04
08/14/18
08/14
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15:04
Options
Agilent options imply 9.7% move in share price post-earnings, above median historical move »

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    Aug

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CLF

Cleveland-Cliffs

$9.97

-0.235 (-2.30%)

15:00
08/14/18
08/14
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15:00
Options
15K Cleveland Cliffs Aug - Oct 8 call spreads bought for 17c »

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  • 11

    Sep

15:00
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General news
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WMT

Walmart

$90.90

1.24 (1.38%)

14:59
08/14/18
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Hot Stocks
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  • 16

    Aug

SPR

Spirit AeroSystems

$86.53

-0.23 (-0.27%)

14:57
08/14/18
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Hot Stocks
Spirit AeroSystems VP Michelle Lohmeier sells almost $300K in company stock »

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SPOT

Spotify

$193.85

2.4 (1.25%)

, UXIN

Uxin

$5.54

-0.61 (-9.92%)

14:57
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Tiger Global adds Spotify and Adobe, exits United Continental »

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SPOT

Spotify

$193.85

2.4 (1.25%)

UXIN

Uxin

$5.54

-0.61 (-9.92%)

COUP

Coupa Software

$67.20

1.66 (2.53%)

ADBE

Adobe

$255.81

2.23 (0.88%)

GDS

GDS Holdings

$30.05

-2.58 (-7.91%)

EHIC

eHi Car Services

$12.90

0.05 (0.39%)

ARCC

Ares Capital

$17.37

0.015 (0.09%)

UAL

United Continental

$81.84

0.58 (0.71%)

TWTR

Twitter

$33.04

0.24 (0.73%)

FB

Facebook

$180.91

0.83 (0.46%)

NOW

ServiceNow

$184.66

-0.38 (-0.21%)

MLI

Mueller Industries

$31.95

0.18 (0.57%)

RUN

Sunrun

$12.99

-0.22 (-1.67%)

RDFN

Redfin

$18.04

-0.5 (-2.70%)

JD

JD.com

$33.55

-1.51 (-4.31%)

TDG

TransDigm

$355.86

-0.2 (-0.06%)

MSFT

Microsoft

$109.51

1.27 (1.17%)

AMZN

Amazon.com

$1,915.47

19.96 (1.05%)

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DENN

Denny's

$14.66

0.12 (0.83%)

14:53
08/14/18
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Conference/Events
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  • 15

    Aug

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  • 06

    Nov

WPM

Wheaton Precious Metals

$19.94

-0.1 (-0.50%)

14:49
08/14/18
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Options
Wheaton Precious Metals options imply 5.1% move in share price post-earnings, above median historical move »

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  • 15

    Aug

DWSN

Dawson Geophysical

$5.90

0.04 (0.68%)

14:48
08/14/18
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Hot Stocks
Dawson Geophysical director William Barrett buys over $100K in stock »

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FB

Facebook

$180.92

0.84 (0.47%)

, GOOG

Alphabet

$1,242.00

6.9 (0.56%)

14:48
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Conference/Events
William Blair digital media analyst to hold a meeting »

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FB

Facebook

$180.92

0.84 (0.47%)

GOOG

Alphabet

$1,242.00

6.9 (0.56%)

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  • 14

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  • 18

    Sep

  • 20

    Sep

  • 28

    Oct

14:46
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Conference/Events
William Blair SaaS analyst to hold a group luncheon »

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GLF

GulfMark Offshore

$38.18

0.48 (1.27%)

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KR

Kroger

$30.38

0.63 (2.12%)

, BABA

Alibaba

$171.94

-5.715 (-3.22%)

14:44
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KR

Kroger

$30.38

0.63 (2.12%)

BABA

Alibaba

$171.94

-5.715 (-3.22%)

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  • 23

    Aug

  • 10

    Sep

14:43
08/14/18
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Conference/Events
Stephens retail/hardlines analyst to hold luncheon meeting »

Retail/Hardlines Analyst…

TWTR

Twitter

$33.03

0.23 (0.70%)

14:43
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Hot Stocks
Twitter suspends accounts for trying to evade account suspension »

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  • 28

    Aug

PLNT

Planet Fitness

$51.74

2.75 (5.61%)

14:40
08/14/18
08/14
14:40
08/14/18
14:40
Options
Bullish flow in Planet Fitness as shares rebound »

Bullish flow in Planet…

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PYPL

PayPal

$87.59

0.56 (0.64%)

14:30
08/14/18
08/14
14:30
08/14/18
14:30
Options
Bullish option play opened in Paypal »

Bullish option play…

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  • 14

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