FairPoint Communications Inc (FRP) is Upgraded by Drexel Hamilton to Buy

FairPoint Communications Inc (FRP) was Upgraded by Drexel Hamilton to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Drexel Hamilton advised their investors in a research report released on May 5, 2016.

FairPoint Communications Inc closed down -0.1 points or -0.74% at $13.5 with 1,09,346 shares getting traded on Wednesday. Post opening the session at $13.05, the shares hit an intraday low of $12.99 and an intraday high of $13.67 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 1, 2015, John Hogshire (SVP & Controller) sold 3,426 shares at $19.05 per share price.

FairPoint Communications Inc. is a provider of communications services to business wholesale and residential customers within its service territories. The Company offers its customers a suite of data services such as Ethernet high capacity data transport and other Internet Protocol (IP)-based services over its Next Generation Network in addition to Internet access high-speed data (HSD) and local and long distance voice services. Its service territory spans approximately 17 states where the Company is a communications provider primarily serving rural communities and small urban markets. The Company provides services such as Data and Internet Services Voice Services Access and Other services. The Company operated with approximately 1.1 million access line equivalents including approximately 322000 broadband subscribers in service as of December 31 2014.

FairPoint Communications Inc

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