Is Frontier Communications Stock a Buy?
Shares of Frontier Communications (NASDAQ: FTR) fell 28% in 2016 and another 66% in the first half of 2017. The regional telecom's financial results have been a mixed bag lately, and Frontier recently slashed its dividend payments by 62%. Are shares a buy after these adjustments, or should investors still stay away from Frontier Communications stock?
Let's start with a quick dividend analysis, because Frontier has been an income investor's best friend for many years. The stock's lowest yield in the last 10 years was a still-generous 4.9% in the spring of 2015, and Frontier's yields raced higher than 20% as share prices plunged in early 2017.
That's where Frontier's management took action.
Source: Fool.com
