Why Frontier Communications (FTR) Stock Is Down Today

NEW YORK (TheStreet) -- Frontier Communications  (FTR) fell Wednesday after the telephone company reported second-quarter earnings that matched analysts' expectations and reaffirmed its 2014 guidance.

Frontier reported adjusted earnings of $53.7 million, or 5 cents a share. Revenue declined to $1.15 billion from $1.19 billion in the same period one year earlier. These results were in line with the consensus estimate of 5 cents a share on revenue of $1.15 billion.

The company also maintained its full-year guidance for capital expenditures and free cash flow for Frontier business operations in a range of $575 million to $625 million and $725 million to $775 million, respectively.

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The stock was down -4.77% to $6.49 at 11:03 a.m.

Separately, TheStreet Ratings team rates FRONTIER COMMUNICATIONS CORP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate FRONTIER COMMUNICATIONS CORP (FTR) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

You can view the full analysis from the report here: FTR Ratings Report

FTR Chart FTR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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