Frontier Communications Reiterated Adj EBITDA of $2.20B-$2.25B
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications (FYBR) has reaffirmed its full-year 2024 operational and financial expectations, including an adjusted EBITDA of $2.20-$2.25 billion, fiber passing additions of 1.3 million, and significant investments in capital and cash taxes.
May 03, 2024 | 11:08 am
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Frontier Communications reaffirms its 2024 financial and operational targets, including adjusted EBITDA of $2.20-$2.25 billion and significant capital investments.
Reaffirming financial and operational expectations, especially in terms of EBITDA and capital investments, is a positive signal to investors about the company's stability and growth prospects. This announcement is likely to instill confidence in the market regarding Frontier's future performance, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100