Frontier Communications Corporation (FTR) stock is expected to deviate a maximum of $0.8 from the average target price of $5.91 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $5.
Frontier Communications Corporation (FTR) : 6 brokerage houses believe that Frontier Communications Corporation (FTR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Frontier Communications Corporation (FTR). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Also, Raymond James maintains their rating on the shares of Frontier Communications Corporation (NASDAQ:FTR). The current rating of the shares is Outperform. Equity Analysts at the Firm lowers the price target to $5.5 per share from $6 per share. The rating by the firm was issued on August 2, 2016.
Frontier Communications Corporation (NASDAQ:FTR): The stock opened at $4.62 on Thursday but the bulls could not build on the opening and the stock topped out at $4.64 for the day. The stock traded down to $4.52 during the day, due to lack of any buying support eventually closed down at $4.54 with a loss of -1.30% for the day. The stock had closed at $4.60 on the previous day. The total traded volume was 19,165,747 shares.
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.