what happened to ftr stock

by Liliana Lesch Published 3 years ago Updated 2 years ago

What happened to FTR stock when it split?

FTR's 17th split took place on February 23, 1993. This was a 10120 for 10000 split, meaning for each 10000 shares of FTR owned pre-split, the shareholder now owned 10120 shares. For example, a 4408.22962248438 share position pre-split, became a 4461.1283779542 share position following the split.

What happened to Frontier’s old stock symbol?

On April 30, as a result of Frontier Communications’ successful emergence from its financial structuring, the old common stock of Frontier trading under the symbol “FTR” or “FTRCQ” has been extinguished without any consideration.

Who holds Frontier Communications (FRTC) stock?

Only 1.70% of the stock of Frontier Communications is held by insiders. 59.24% of the stock of Frontier Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for Frontier Communications are expected to decrease in the coming year, from ($1.21) to ($2.14) per share.

What will happen to Frontier Communications stock when it files bankruptcy?

As expected, Frontier Communications ( FTR) filed for Ch.11 bankruptcy very late April 14 in the Southern District of New York ( docket 1 is actual filing form). Under the terms of the pre-packaged bankruptcy plan, FTR shareholders will receive no recovery. The current shares will be cancelled on Ch.11 reorganization plan's effective date.

What happened to my FTR stock?

What happened to “FTR” or “FTRCQ” stock? On April 30, 2021 as a result of Frontier Communications' successful emergence from its financial structuring, the old common stock of Frontier trading under the symbol “FTR” or “FTRCQ” has been extinguished without any consideration.

Is Frontier Communications a buy?

Frontier Communications Parent has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.

Is Frontier a good investment?

According to present data Frontier (FRONT) and potentially its market environment has been in bearish cycle last 12 months (if exists). Our Ai cryptocurrency analyst implies that there will be a negative trend in the future and the FRONT are not a good investment for making money.

When did FTR become Ftrcq?

Frontier Communications Corporation (FTR) will change its trading symbol to FTRCQ, effective April 24, 2020, due to the listing of the company on an OTC market.

How were Frontier Communications' earnings last quarter?

Frontier Communications Corp (NASDAQ:FTR) announced its earnings results on Tuesday, November, 5th. The utilities provider reported ($0.15) earning...

Is Frontier Communications a good dividend stock?

Frontier Communications(NASDAQ:FTR) pays an annual dividend of $2.40 per share and currently has a dividend yield of 923.08%. FTR has a dividend yi...

Who are Frontier Communications' key executives?

Frontier Communications' management team includes the following people: Mr. Daniel J. McCarthy , Pres, CEO & Director (Age 55) Mr. Sheldon Bruha...

What is Bernie Han's approval rating as Frontier Communications' CEO?

53 employees have rated Frontier Communications CEO Bernie Han on Glassdoor.com . Bernie Han has an approval rating of 54% among Frontier Communic...

Who are some of Frontier Communications' key competitors?

Some companies that are related to Frontier Communications include Verizon Communications (VZ) , AT&T (T) , Lumen Technologies (LUMN) , Consoli...

What other stocks do shareholders of Frontier Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Frontier Communications investors own include AT&T (T) ,...

What is Frontier Communications' stock symbol?

Frontier Communications trades on the NASDAQ under the ticker symbol "FTR."

What is Frontier Communications' stock price today?

One share of FTR stock can currently be purchased for approximately $0.26.

How much money does Frontier Communications make?

Frontier Communications (NASDAQ:FTR) has a market capitalization of $27.30 million and generates $8.11 billion in revenue each year. The utilities...

When did Frontier Communications file for bankruptcy?

Do shareholders get recovery for bankruptcy?

Shareholders are getting no recovery - not even for releases. In some Ch.11 bankruptcy cases, shareholders are paid for releases. (Releases are basically protections given to various insiders from future litigation against them by any harmed parties, such as shareholders.) Under the RSA, shareholders are giving releases without being paid.

Will the RSA raise new cash?

They could, according to the RSA, raise new cash via new financing to pay off current debt (other than unsecured notes and subsidiary debt), but given the current capital market, this is very unlikely. It is more likely they will just be reinstated.

Do 75% of unsecured noteholders support the RSA?

Since according to the press release 75% of unsecured noteholders support the RSA, the only other real variable is getting the majority of holders to vote to accept. I doubt that a majority of holders will be voting no because they know they can't realistically expect to get better terms.

How much did Verizon buy in 2016?

In fact, you can argue that the company has had a miserable year-and-three-quarters as its fortunes have trended downwards since it bought Verizon 's ( NYSE:VZ) wireline business in California, Texas, and Florida for $10.54 billion in April of 2016.

Did Frontier cut its dividend?

That forced the company to cut its dividend as of the first quarter of its fiscal 2017.

Does Frontier lose subscribers?

Since the Verizon deal closed, Frontier has lost subscribers and posted a net loss in every single quarter. That's bad news that's not likely to change anytime soon (although the most-recent trend shows the loss in both areas stabilizing a bit).

How many fiber locations will Frontier have in 2021?

Frontier plans to add about 500,000 fiber locations in 2021, and Jeffery says he expects that pace to accelerate meaningfully in the future. That 2021 build is going to be financed with cash on hand and its revolving credit facility, which will be about $1.3 billion combined at emergence.

How much is Frontier fiber 2020?

Frontier’s 2020 revenue of $6.9 billion produced adjusted Ebitda of $2.8 billion—of which about $1 billion can be attributed to Frontier’s fiber business, $1.4 billion to copper, and $400 million to subsidies and credits tied to government programs such as the Connect America Fund II.

Is Frontier a fixer upper?

over the past decade, with shareholders reaping the rewards. But Frontier is still undoubtedly a fixer-upper, and management’s ability to execute on their targets will be the key to its future success or renewed failure.

Can Frontier get data from cable?

users can get from cable or fiber lines, or even from their wireless phone data plans . Needless to say, Frontier had been shedding customers and facing plummeting sales of its copper-based services in recent years, with its much smaller fiber business underperforming peers.

Is Frontier Communications going bankrupt?

Frontier Communications is set to emerge from Chapter 11 bankruptcy on Friday and return to public stock markets next week. The company has less debt, a new executive team, and a strategy focused on converting its slow and aging copper-based telecom network to a next-generation network built on fiber optic cable. That’s a path that cable giants like Charter Communications and Altice USA have delivered on#N#Charter Just Reported Earnings. Here Are the Numbers You Need to Know.#N#Charter's internet subscriber growth continued in the first quarter, expanding profit margins. Revenue was in line with expectations, while Ebitda beat estimates.#N#Continue reading#N#over the past decade, with shareholders reaping the rewards.

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