Near a 34-Year Low, Is Frontier Communications a Buy?
These days, it's hard to find a stock more beaten down than Frontier Communications (NASDAQ: FTR). The regional telecom's shares have been absolutely hammered over the past few years -- to the point where they're touching the lowest they've been in over three decades.
That's quite a dive. Let's take a closer look to determine if Frontier might be able to pick itself up from the floor and get its stock moving higher again.
Frontier stock's latest major price swoon began in early 2015, very shortly after the company agreed to pay over $10.5 billion to acquire a big set of Verizon Communication (NYSE: VZ) assets in Florida, California, and Texas. That was the second monster deal between the two companies; in 2009, Frontier parted with $8.6 billion to buy similar assets in 14 states.
Source: Fool.com
