Frontier Communications Corporation (FTR) has an average broker rating of 2, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Frontier Communications Corporation (FTR) : The highest short term price target forecast on Frontier Communications Corporation (FTR) is $9 and the lowest target price is $5. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $6.18 with a standard deviation of $1.23.
For the current week, the company shares have a recommendation consensus of Buy. Frontier Communications Corporation (NASDAQ:FTR): The stock opened at $4.91 on Thursday but the bulls could not build on the opening and the stock topped out at $4.94 for the day. The stock traded down to $4.81 during the day, due to lack of any buying support eventually closed down at $4.85 with a loss of -0.61% for the day. The stock had closed at $4.88 on the previous day. The total traded volume was 15,006,827 shares.
In a related news, Weslock Kathleen, officer (EVP, Chief People Officer) of Frontier Communications Corp, executed a transaction worth $59,500 on November 10, 2015. A total of 12,370 shares were purchased at an average price of $4.81. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.