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Frontier Communications (FTR +6.5%) shares push higher after reporting a weaker Q4 amid fewer...

Frontier Communications (FTR +6.5%) shares push higher after reporting a weaker Q4 amid fewer subscribers but beating earnings estimates. Meanwhile, S&P Capital raises its rating on the regional telecommunications provider to Buy from Hold, saying its 47% dividend cut should help with debt reduction and support capital expenditures.
Comments (1)
  • wdjax0n
    , contributor
    Comments (1480) | Send Message
     
    The more this resembles sub-prime risk, the better S&P likes it. No dividend at all would make it a better investment than instruments of the Federal Government!
    20 Feb 2012, 02:49 PM Reply Like
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