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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

AGCO

Agco

$57.86

0.5 (0.87%)

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KSS

Kohl's

$64.45

-6.3 (-8.90%)

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ECOL

US Ecology

$70.69

-1.29 (-1.79%)

09:11
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ZOES

Zoe's Kitchen

$12.75

(0.00%)

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Breaking Hot Stocks news story on Zoe's Kitchen »

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COLD

Americold Realty Trust

$26.11

-0.27 (-1.02%)

09:05
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09:05
11/21/18
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General news
Treasury Action: Treasury yields have slipped from earlier highs »

Treasury Action: Treasury…

TGP

Teekay LNG

$12.79

-0.77 (-5.68%)

09:04
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LGND

Ligand

$149.14

0.46 (0.31%)

09:02
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Ligand announces OmniAb partnership with iMetabolic Biopharma »

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  • 06

    Dec

  • 07

    Dec

DE

Deere

$138.49

-4.04 (-2.83%)

, AGCO

Agco

$57.86

0.5 (0.87%)

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DE

Deere

$138.49

-4.04 (-2.83%)

AGCO

Agco

$57.86

0.5 (0.87%)

AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

FB

Facebook

$132.47

0.85 (0.65%)

FL

Foot Locker

$46.10

-2.69 (-5.51%)

GPS

Gap

$24.65

-0.79 (-3.11%)

ABIL

Ability

$2.83

-0.15 (-5.03%)

ADSK

Autodesk

$122.99

-2.76 (-2.19%)

BZUN

Baozun

$30.07

-0.98 (-3.16%)

BILI

Bilibili

$13.61

0.575 (4.41%)

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  • 21

    Nov

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    Nov

  • 26

    Nov

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    Nov

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    Nov

  • 04

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    Dec

  • 03

    Mar

09:00
11/21/18
11/21
09:00
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09:00
General news
U.S. equities rebounded from correction lows »

U.S. equities rebounded…

TSM

TSMC

$35.64

-0.41 (-1.14%)

, INTC

Intel

$47.38

-0.61 (-1.27%)

08:57
11/21/18
11/21
08:57
11/21/18
08:57
Periodicals
TSMC set to win 'major coup' with IBM server chip deal, Nikkei says »

Well-placed supply chain…

TSM

TSMC

$35.64

-0.41 (-1.14%)

INTC

Intel

$47.38

-0.61 (-1.27%)

IBM

IBM

$117.17

-3.2 (-2.66%)

03/08/13
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  • 26

    Nov

  • 04

    Dec

  • 03

    Mar

TJX

TJX

$46.81

-2.16 (-4.41%)

, BURL

Burlington Stores

$148.36

-8.145 (-5.20%)

08:56
11/21/18
11/21
08:56
11/21/18
08:56
Recommendations
TJX, Burlington Stores analyst commentary  »

TJX apparel category…

TJX

TJX

$46.81

-2.16 (-4.41%)

BURL

Burlington Stores

$148.36

-8.145 (-5.20%)

03/08/13
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03/06/13
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  • 28

    Nov

DE

Deere

$138.49

-4.04 (-2.83%)

08:55
11/21/18
11/21
08:55
11/21/18
08:55
Technical Analysis
Technical Take: Deere falls after results »

The shares were last down…

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  • 21

    Nov

  • 27

    Nov

AAPL

Apple

$177.10

-8.7 (-4.68%)

, BAC

Bank of America

$27.39

-0.375 (-1.35%)

08:55
11/21/18
11/21
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08:55
Options
Notable open interest changes for November 21st »

Tuesday's total…

AAPL

Apple

$177.10

-8.7 (-4.68%)

BAC

Bank of America

$27.39

-0.375 (-1.35%)

GE

General Electric

$7.67

-0.165 (-2.11%)

NVDA

Nvidia

$149.14

4.48 (3.10%)

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  • 26

    Nov

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    Feb

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General news
The 3k initial claims rise to 224k »

The 3k initial claims…

ROST

Ross Stores

$82.65

-8.54 (-9.37%)

08:51
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LMB

Limbach Holding

$4.85

-1.04 (-17.66%)

08:50
11/21/18
11/21
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08:50
Downgrade
Limbach Holding rating change  »

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AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

, AAPL

Apple

$177.10

-8.7 (-4.68%)

08:50
11/21/18
11/21
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08:50
Periodicals
Amazon working on getting Amazon Pay into physical stores, WSJ says »

Amazon (AMZN) is working…

AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

AAPL

Apple

$177.10

-8.7 (-4.68%)

PYPL

PayPal

$77.76

-2.4 (-2.99%)

WMT

Walmart

$94.21

-2.59 (-2.68%)

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  • 26

    Nov

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    Nov

  • 04

    Dec

  • 04

    Dec

  • 18

    Dec

08:50
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11/21
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General news
FX Action: The dollar »

FX Action: The dollar…

08:45
11/21/18
11/21
08:45
11/21/18
08:45
General news
U.S. durable goods orders dropped 4.4% in October »

U.S. durable goods orders…

BGS

B&G Foods

$30.69

0.44 (1.45%)

, GGB

Gerdau

$4.11

-0.19 (-4.42%)

08:45
11/21/18
11/21
08:45
11/21/18
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

BGS

B&G Foods

$30.69

0.44 (1.45%)

GGB

Gerdau

$4.11

-0.19 (-4.42%)

CRON

Cronos Group

$8.19

-0.05 (-0.61%)

QID

ProShares UltraShort QQQ

$46.41

1.57 (3.50%)

SSO

ProShares Ultra S&P 500

$104.01

-4.03 (-3.73%)

NEPT

Neptune Wellness

$3.10

-0.125 (-3.88%)

NFX

Newfield Exploration

$17.67

-1.69 (-8.73%)

CVX

Chevron

$116.19

-3.23 (-2.70%)

EWY

iShares MSCI South Korea Index Fund

$58.89

-1.05 (-1.75%)

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  • 26

    Nov

  • 04

    Dec

08:45
11/21/18
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08:45
General news
Treasury Action: yields ebbed to lows »

Treasury Action: yields…

08:45
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11/21
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General news
U.S. initial jobless claims rose 3k in the week ended November 17 to 224k »

U.S. initial jobless…

BW

Babcock & Wilcox

$0.90

-0.0052 (-0.58%)

08:41
11/21/18
11/21
08:41
11/21/18
08:41
Conference/Events
Babcock & Wilcox to host conference call »

As previously announced…

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AZO

AutoZone

$793.73

-35.77 (-4.31%)

08:40
11/21/18
11/21
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08:40
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AutoZone analyst commentary  »

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  • 04

    Dec

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