Frontier Communications Corporation

(NASDAQ: FTR)
June 9, 2017

Analyst Consensus About Frontier Communications Corporation

Rating1 Frontier Communications Corporation provides communications services to residential, business, and whole-
sale customers in the United States. It offers broadband, video, voice, and other services and products through a
combination of fiber and copper based networks to residential customers. The company also provides broadband,
Ethernet, traditional circuit-based, data and optical transport, and voice services, as well as Multiprotocol Label
Switching and Time Division Multiplexing services to small business, medium business, and larger enterprises,
as well as sells customer premise equipment. In addition, it offers 24/7 technical support; wireless broadband
services in selected markets; and frontier secure suite of products, including computer security, cloud backup and
sharing, identity protection, and equipment insurance. Further, the company provides satellite TV video services;
voice services, including data-based VoIP, and long distance and voice messaging services; and a package of com-
munications services. Additionally, it offers a range of access services that allow other carriers to use facilities to
originate and terminate their local and long distance voice traffic. As of December 31, 2016, it served approxi-
mately 5.4 million customers and 4.3 million broadband subscribers in 29 states. The company was formerly
known as Citizens Communications Company and changed its name to Frontier Communications Corporation in
July 2008. Frontier Communications Corporation was founded in 1927 and is based in Norwalk, Connecticut.

Overview Key Data

Contents Sector
Industry
Technology
Telecom Services - Domestic
Last Trade
Price Range (52 week)
$1.23
1.19 - 5.24
Full Time Employees 26,878 Avg Volume (13 Week) 48,684,979
IPO Year N/A Shares Outstanding 1,180,000,000
1. Overview
Mkt Cap $1,440,000,000
Enterprise Value N/A
2. Technical Data
Book Value per Share $3.67
Dividend Yield 13.1%
3. Key Ratios

4. Earnings & Analyst

5.6. Financial Statements
7. Company Insiders
8. Disclaimer
Highlights & Recent Developments
On June 1, 2017, Frontier Communications is making enhanced broadband service
available to previously unserved residents in 25 counties throughout Ohio, Elena
Kilpatrick, Frontier Senior Vice President of Operations, announced today. This
deployment reflects a combination of Frontier capital investment and the FCCs
Connect America Fund (CAF) over the past 18 months and brings new broadband
opportunities to approximately 12,600 CAF-eligible households while improving
speeds to an additional 33,600 households.

Through ongoing network investments, Frontier is providing broadband and fast-

er speeds to residents throughout the 25 counties where the CAF investment has
been made, Kilpatrick said. We have been aggressively deploying and upgrading
our broadband service and look forward to serving more local residents.

1
Analyst Consensus Rating based on publicly Page 1 of 8 2017 Research Driven Investing.
reported third party data. See disclaimer. All rights reserved.
 Frontier Communications Corporation
(NASDAQ: FTR)
June 9, 2017

Technical Data
Price Information
52 Week Low 1.19
52 Week High 5.24
50 Day Moving Average $1.51
200 Day Moving Average $2.67
Average Daily Volume (13Wk) 48,684,979

Support / Resistance
Type Value Confluence
resist. 3.76 2
resist. 3.57 6
resist. 3.4 2
resist. 3.27 5
resist. 2.73 3
resist. 2.6 2
resist. 2.2 4
resist. 1.87 7
resist. 1.69 3

Technical Signals Indicator Signal Strength Direction

Composite Indicator Trend Spotter Sell Weak Weakest
7 Day Average Directional Indicator Sell Weak Strengthening
10 - 8 Day Moving Average Hilo Channel Sell Minimum Average
Short-Term Indicators 20 Day Moving Average vs Price Sell Minimum Strengthening
20 - 50 Day MACD Oscillator Sell Average Weakest
20 Day Bollinger Bands Hold Falling
40 Day Commodity Channel Index Hold Falling
50 Day Moving Average vs Price Hold Falling
Medium-Term Indicators
20 - 100 Day MACD Oscillator Sell Maximum Weakest
50 Day Parabolic Time/Price Sell Weak Weakening
60 Day Commodity Channel Index Sell Minimum Weakest
Long-Term Indicators 100 Day Moving Average vs Price Sell Strong Weakest
50 - 100 Day MACD Oscillator Sell Maximum Weakest

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 Frontier Communications Corporation
(NASDAQ: FTR)
June 9, 2017

Key Statistics & Ratios

Valuation Ratios
Company Industry Sector
P/E Ratio (TTM) 0.00 20.02 27.37
P/E High - Last 5 Yrs. 51.27 42.52 42.76
P/E Low - Last 5 Yrs. 31.74 13.67 13.87
Beta 0.70 0.80 0.78
Price to Sales (TTM) 0.15 4.01 3.73
Price to Book (MRQ) 0.33 5.02 4.65
Price to Tangible Book (MRQ) 0.00 6.15 5.78
Price to Cash Flow (TTM) 0.79 9.90 9.35
Price to Free Cash Flow (TTM) N/A N/A N/A
% Owned Institutions 64.0% 0.0% 0.1%

Growth Rates
Company Industry Sector
Sales (MRQ) vs Qtr. 1 Yr. Ago 73.9% 11.8% 10.0%
Sales (TTM) vs TTM 1 Yr. Ago 78.0% 11.9% 10.0%
Sales - 5 Yr. Growth Rate 11.2% 11.9% 11.2%
EPS (MRQ) vs Qtr. 1 Yr. Ago 46.2% 33.8% 47.6%
EPS (TTM) vs TTM 1 Yr. Ago 6.8% 0.0% 0.0%
EPS - 5 Yr. Growth Rate 0.0% 15.7% 12.4%
Capital Spending - 5 Yr. Growth 11.2% 13.6% 12.3%
Rate
Management Effectiveness
Financial Strength Company Industry Sector
Company Industry Sector Return On Assets (TTM) -1.0% 15.7% 14.3%
Quick Ratio (MRQ) 0.00 1.17 1.14 Return On Assets - 5 Yr. Avg. -0.2% 14.7% 13.4%
Current Ratio (MRQ) 0.67 1.29 1.24 Return On Investment (TTM) -1.0% 23.2% 20.9%
LT Debt to Equity (MRQ) 405.13 83.45 85.09 Return On Investment - 5 Yr Avg -0.2% 22.1% 20.1%
Total Debt to Equity (MRQ) 413.52 92.37 96.25 Return On Equity (TTM) -10.0% 25.5% 23.5%
Interest Coverage (TTM) 0.78 23.37 52.26 Return On Equity - 5 Yr. Avg. -2.4% 24.3% 22.6%

Profitability Efficiency
Company Industry Sector Company Industry Sector
Gross Margin (TTM) 61.9% 72.1% 71.7% Revenue/Employee (TTM) 349,717
Gross Margin - 5 Yr. Avg. 65.7% 71.2% 70.0% Net Income/Employee (TTM) -9,258
EBITD Margin (TTM) 38.8% 0.0% 0.0% Receivable Turnover (TTM) 14.34 11.45 11.97
EBITD - 5 Yr. Avg. 42.6% 53.6% 65.7% Inventory Turnover (TTM) 0.00 51.03 48.82
Operating Margin (TTM) 11.1% 40.3% 36.8% Asset Turnover (TTM) 0.36 0.59 0.58
Operating Margin - 5 Yr. Avg. 14.4% 37.2% 34.2%
Pre-Tax Margin (TTM) -4.4% 36.7% 33.0%
Dividends
Company Industry Sector
Pre-Tax Margin - 5 Yr. Avg. -1.5% 32.8% 29.9%
Dividend Yield 13.1% 3.1% 2.8%
Net Profit Margin (TTM) -2.7% 27.6% 24.9%
Dividend Yield - 5 Year Avg. 8.6% 3.0% 2.7%
Net Profit Margin - 5 Yr. Avg. -0.6% 25.0% 22.7%
Dividend 5 Year Growth Rate -11.0% 18.4% 16.7%
Effective Tax Rate (TTM) 0.0% 24.6% 22.6%
Payout Ratio (TTM) 0.0% 1.0% 1.9%
Effective Tax Rate - 5 Yr. Avg. 0.0% 24.5% 24.2%

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 Frontier Communications Corporation
(NASDAQ: FTR)
June 9, 2017

Earnings & Analyst Data

EPS Estimates Dividend Payments
# of Ests. Mean Est. High Est. Low Est. Dividend Ex-dividend Date Payable
Quarter Ending Jun-17 9 -$0.06 -$0.03 -$0.09 Amount Date
Quarter Ending Sep-17 9 -$0.06 -$0.03 -$0.09 $0.04 6/13/2017

Year Ending Dec-17 10 -$0.25 -$0.08 -$0.33 $0.11 3/13/2017 3/31/2017

Year Ending Dec-18 9 -$0.11 $0.22 -$0.24 $0.11 12/13/2016

$0.11 9/13/2016 9/30/2016
$0.11 6/13/2016 6/30/2016
EPS Historical Surprises $0.11 3/9/2016 3/31/2016
Estimates Actual Difference Surprise % $0.11 12/11/2015
Quarter Ending Mar-17 -$0.05 -$0.08 $0.03 -60.00% $0.11 9/11/2015 9/30/2015
Quarter Ending Dec-16 -$0.05 -$0.04 $0.01 -13.04% $0.11 5/26/2015 6/30/2015
Quarter Ending Sep-16 -$0.04 -$0.04 $0.00 -2.56% $0.11 3/10/2015 3/31/2015
Quarter Ending Jun-16 -$0.03 -$0.02 $0.01 -35.48% $0.10 12/10/2014
Quarter Ending Mar-16 -$0.10 $0.01 $0.11 -110.45% $0.10 9/10/2014 9/30/2014
$0.10 6/5/2014 6/30/2014
$0.10 3/5/2014 3/31/2014
Analyst Recommendation Summary $0.10 12/5/2013
1-5 Linear Scale Current 1 Month Ago 2 Months 3 Months $0.10 9/5/2013 9/30/2013
Month Ago Ago
$0.10 6/5/2013 6/28/2013
(1) BUY 1 1 2 3
$0.10 3/6/2013
(2) OUTPERFORM 2 2 3 3
$0.10 12/5/2012
(3) HOLD 11 11 8 8
$0.10 9/5/2012 9/28/2012
(4) UNDERPERFORM 1 1 1 0
$0.10 6/6/2012 6/29/2012
(5) SELL 0 0 1 1
$0.10 3/7/2012 3/30/2012
Mean Rating 2.80 2.80 2.73 2.53
$0.19 12/7/2011
Current Consensus Hold

Analyst Upgrades & Downgrades

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 Frontier Communications Corporation
(NASDAQ: FTR)
June 9, 2017

Financial Statements
Figures in Millions of US Dollars (exept per share values)

Balance Sheet Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14

Assets
Cash And Cash Equivalents 522 9,380 682 - - - -
Short Term Investments -- -- -- - - - -
Net Receivables 1,046 651 672 - - - -
Inventory -- -- -- - - - -
Other Current Assets 88 100 61 - - - -
Total Current Assets 1,656 10,131 1,415 - - - -
Long Term Investments -- -- -- - - - -
Property Plant and Equipment 14,902 8,493 8,566 - - - -
Goodwill 9,674 7,166 7,205 - - - -
Intangible Assets 2,662 1,143 1,500 - - - -
Accumulated Amortization -- -- -- - - - -
Other Assets 119 151 124 - - - -
Deferred Long Term Asset Charges -- -- -- - - - -
Total Assets 29,013 27,084 18,810 - - - -

Liabilities
Accounts Payable 1,593 1,150 976 - - - -
Short/Current Long Term Debt 363 384 298 - - - -
Other Current Liabilities 488 359 238 - - - -
Total Current Liabilities 2,444 1,893 1,512 - - - -
Long Term Debt 17,560 15,508 9,393 - - - -
Other Liabilities 1,974 1,403 1,379 - - - -
Deferred Long Term Liability Charges 2,516 2,666 2,868 - - - -
Total Liabilities 24,494 21,470 15,152 -

Stockholders Equity
Misc Stocks Options Warrants -- -- -- - - - -
Redeemable Preferred Stock -- -- -- - - - -
Preferred Stock -- -- -- - - - -
Common Stock 298 298 257 - - - -
Retained Earnings (460) (87) 109 - - - -
Treasury Stock (215) (278) (294) - - - -
Capital Surplus 5,283 6,034 3,990 - - - -
Other Stockholder Equity (387) (353) (404) - - - -
Total Stockholder Equity 4,519 5,614 3,658 - - - -
Net Tangible Assets (Book Value) (7,817) (2,695) (5,047) - - - -

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 Frontier Communications Corporation
(NASDAQ: FTR)
June 9, 2017

Income Statement Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14
Total Revenue 8,896 5,576 4,772 -- -- -- --
Cost of Revenue -- -- -- -- -- -- --
Gross Income 8,896 5,576 4,772 -- -- -- --
Research and Development 5,450 3,273 2,669 -- -- -- --
Selling General and Administrative 527 238 144 -- -- -- --
Non Recurring 2,031 1,320 1,139 -- -- -- --
Others -- -- -- -- -- -- --
Total Operating Expenses 8,008 4,831 3,952 -- -- -- --
Operating Income or Loss 888 745 820 -- -- -- --
Total Other Income(Expenses) Net 20 7 39 -- -- -- --
Earnings Before Interest And Taxes 908 752 859 -- -- -- --
Interest Expense 1,531 1,113 696 -- -- -- --
Income Tax Expense (623) (361) 163 -- -- -- --
Net Income From Continuing Ops (373) (196) 133 -- -- -- --
Other Items not from Continuing Operations -- -- -- -- -- -- --
Net Income attributable to the Company (373) (196) 133 -- -- -- --
Preferred Stock And Other Adjustments -- -- -- -- -- -- --
Net Income Applicable To Common Shares (587) (316) 133 -- -- -- --

Cash Flow Statement Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14
Net Income (373) (196) 133 -- -- -- --

Operating Activities
Depreciation 2,077 1,511 1,149 -- -- -- --
Adjustments To Net Income (82) (130) (88) -- -- -- --
Changes In Accounts Receivables (19) 62 (61) -- -- -- --
Changes In Liabilities (22) 102 90 -- -- -- --
Changes In Inventories -- -- -- -- -- -- --
Changes In Other Operating Activities 85 (48) 47 -- -- -- --
Total Cash Flow From Operating Activities 1,666 1,301 1,270 -- -- -- --
Investing Activities
Capital Expenditures (1,401) (863) (688) -- -- -- --
Investments -- -- -- -- -- -- --
Other Cash flows from Investing Activities (9,858) (15) (1,999) -- -- -- --
Total Cash Flows From Investing Activities (11,259) (878) (2,687) -- -- -- --

Financing Activities
Dividends Paid (707) (576) (401) -- -- -- --
Sale Purchase of Stock -- 2,665 2,665 -- -- -- --
Net Borrowings 1,487 6,305 1,651 -- -- -- --
Other Cash Flows from Financing Activities (6) (6) (2) -- -- -- --
Total Cash Flows From Financing Activities 735 8,275 1,208 -- -- -- --
Effect Of Exchange Rate Changes -- -- -- -- -- -- --
Other Liabilities 1,974 1,403 1,379 - - - -

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 Frontier Communications Corporation
(NASDAQ: FTR)
June 9, 2017

Company Insiders

Company Officers
Name Age Since Current Position Basic Compensation Options Options Value
Pamela Reeve 67 2016 Non-Executive Independent Chairman of the Board $352,500 -- --
Daniel McCarthy 52 2015 President, Chief Executive Officer, Director $5,447,120 -- --
R. Perley McBride 51 2016 Chief Financial Officer, Executive Vice President $562,474 -- --
Steve Gable 43 2015 Executive Vice President, Chief Technology Officer $1,940,540 -- --
Kenneth Arndt 52 2016 Executive Vice President - Commercial Sales Operations -- -- --
John Lass 60 2016 Executive Vice President - Customer Operations $1,490,450 -- --
Cecilia McKenney 54 2015 Executive Vice President, Chief Customer Officer $2,614,060 -- --
Mark Nielsen 52 2015 Executive Vice President, Chief Legal Officer $1,379,480 -- --
Tim Travaille 59 2016 Executive Vice President - Operational Transformation -- -- --
Kathleen Weslock 61 2015 Executive Vice President and Chief People Officer -- -- --
Donald Daniels 49 2014 Senior Vice President, Controller -- -- --
Leroy Barnes 65 2005 Independent Director $230,000 -- --
Peter Bynoe 66 2007 Independent Director $230,000 -- --
Diana Ferguson 53 2014 Independent Director $215,000 -- --
Edward Fraioli 70 2010 Independent Director $240,000 -- --

Insider Transactions
Trading Date Name Title Type Shares Traded Price
24 May 2017 Arndt (Kenneth) Officer Buy 13000 $1.38
15 May 2017 Weslock (Kathleen Asser) Officer Buy 50000 $1.32
15 May 2017 Lass (John J) Officer Buy 8000 $1.35
14 May 2017 Gable (Steve) Chief Technology Officer Buy 10000 $1.30
7 May 2017 Gable (Steve) Chief Technology Officer Buy 5000 $1.52
7 May 2017 Gable (Steve) Chief Technology Officer Buy 2300 $1.54
2 Mar 2017 Nielsen Mark D Officer Sell 3405 $2.86
23 Feb 2017 Gable (Steve) Chief Technology Officer Sell 1302 $3.40
23 Feb 2017 Nielsen Mark D Officer Sell 5644 $3.40
23 Feb 2017 Travaille (Timothy V) Officer Sell 1815 $3.40
23 Feb 2017 McCarthy (Daniel J) Chief Executive Officer Sell 54686 $3.40
23 Feb 2017 Arndt (Kenneth) Officer Sell 3862 $3.40
23 Feb 2017 McKenney (Cecilia K) Officer Sell 17316 $3.40
23 Feb 2017 Daniels Donald Officer Sell 872 $3.40
16 Feb 2017 Arndt (Kenneth) Officer Sell 5930 $3.27
16 Feb 2017 McKenney (Cecilia K) Officer Sell 22836 $3.27
16 Feb 2017 McCarthy (Daniel J) Chief Executive Officer Sell 60102 $3.27
16 Feb 2017 Travaille (Timothy V) Officer Sell 3348 $3.27
16 Feb 2017 Lass (John J) Officer Sell 5789 $3.27
16 Feb 2017 Gable (Steve) Chief Technology Officer Sell 2155 $3.27

Page 7 of 8 2017 Research Driven Investing.

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 Frontier Communications Corporation
(NASDAQ: FTR)
June 9, 2017

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