Frontier Communications Corporation (FTR): Price Target and June Short Interest Disclosure

Frontier Communications Corporation (FTR) : Average target price received by Frontier Communications Corporation (FTR) is $6.31 with an expected standard deviation of $1.16. The most aggressive target on the stock is $9, whereas the most downbeat target is $5. 8 financial analysts are currently covering the stock.

Frontier Communications Corporation (FTR), According to the latest information the short interest in Frontier Communications Corporation shot up by 4.6% or 7,247,381 shares. The final shorts are 14.1% of the total floated shares. The positions increased from 156,739,659 shares on June 15,2016 to 163,987,040 on June 30,2016. According to the per-day average trading of 17,718,200 shares, the days to cover are 9. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Frontier Communications Corporation (NASDAQ:FTR): stock turned positive on Thursday. Though the stock opened at $5.09, the bulls momentum made the stock top out at $5.13 level for the day. The stock recorded a low of $5.06 and closed the trading day at $5.11, in the green by 0.99%. The total traded volume for the day was 12,099,056. The stock had closed at $5.06 in the previous days trading.

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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