With shares at multi-decade lows, Nomura is making a contrarian call on Frontier Communications...

|About: Frontier Communications Cor... (FTR)|By:, SA News Editor

With shares at multi-decade lows, Nomura is making a contrarian call on Frontier Communications (FTR). The firm thinks the telco's massive wireline subscriber losses, which are heavily tied to assets purchased from Verizon, could soon narrow. It also notes Frontier's low multiples and heavy short interest (23.2% of the float was shorted as of May 15), and sees EPS revisions and multiple expansion driving shares higher.