Price Target Update on Frontier Communications Corporation (NASDAQ:FTR)

Frontier Communications Corporation (NASDAQ:FTR) : The most positive equity analysts on Frontier Communications Corporation (NASDAQ:FTR) expects the shares to touch $9, whereas, the least positive believes that the stock will trade at $5 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $6.39 with an expected fluctuation of $1.11 from the mean.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Citigroup downgrades the rating on Frontier Communications Corporation (NASDAQ:FTR). The brokerage firm has issued a Sell rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on March 9, 2016.

Frontier Communications Corporation (NASDAQ:FTR): stock turned positive on Thursday. Though the stock opened at $5.17, the bulls momentum made the stock top out at $5.18 level for the day. The stock recorded a low of $5.035 and closed the trading day at $5.1, in the green by 0.29%. The total traded volume for the day was 13,296,018. The stock had closed at $5.085 in the previous days trading.

The company shares have rallied 0.20% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $5.85 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.14 and the 200 Day Moving Average price is recorded at $5.01. On the companys insider trading activities, Weslock Kathleen, officer (EVP, Chief People Officer) of Frontier Communications Corp had purchased 12,370 shares on November 10, 2015 in a transaction. The price per share was $4.81 and the total amount of the disclosed transaction was $59,500.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Frontier Communications Corporation is a communications company. The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. It conducts business with both residential and business customers, and it provides the last mile of communications services to customers in these markets. The Company provides data and Internet services and wireless data services, basic local and long distance voice wireline services to residential and business customers in its service areas, network access to interexchange carriers for origination and termination of long distance voice and data traffic, sales of its own and third party video services, and sales of customer premise equipment.

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