NEW YORK (TheStreet) -- Frontier Communications (FTR - Get Report) stock is rallying on Monday after the company posted its fiscal 2015 second quarter earnings results that beat analysts' estimates on the bottom line.
For the latest quarter, the company reported earnings of 3 cents per share on revenue of $1.37 billion.
Analysts had expected the company to report earnings of 2 cents per share on revenue of $1.37 billion.
In the same quarter the previous year, the company earned 5 cents per share on revenue of $1.15 billion.
"On the operational front, we achieved a sequential increase in customer revenue, reflecting improved trends in the legacy Frontier business, and a stable performance in Connecticut," CEO Dan McCarthy stated.
Based in Stamford, CT, Frontier Communications is a communications company providing services to rural areas and small and medium-sized towns and cities.
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 revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."
You can view the full analysis from the report here: FTR Ratings ReportFTR data by YCharts