Analysts Are Expecting Cord Cutting to Be Terrible for Frontier Communications -- Here's Why They're Right
The entire pay television industry has been shrinking.
Cord cutting, the concept where people drop their cable or satellite subscription in favor of using streaming services, has increased in every year since 2012. Most pay-television providers have been able to offset those losses by adding internet customers.
Frontier Communications (NASDAQ: FTR), however, has not been able to do that. Since it became a very minor force in the cable industry by spending $10.54 billion to buy Verizon's (NYSE: VZ) wireline business in California, Texas, and Florida (CTF) in April 2016 it has lost both video and internet customers each quarter.
Source: Fool.com
Verizon Communications Inc. Stock
€36.19
0.190%
With 22 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 40 € shows a slightly positive potential of 10.54% compared to the current price of 36.19 € for Verizon Communications Inc..
