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.
Frontier Communications Corporation has lost 3.14% in the last five trading days and dropped 0.52% in the last 4 weeks. Frontier Communications Corporation has dropped 7.79% during the last 3-month period . Year-to-Date the stock performance stands at 10.05%.
Frontier Communications Corporation (NASDAQ:FTR) : 8 brokerage houses believe that Frontier Communications Corporation (NASDAQ:FTR) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Frontier Communications Corporation (NASDAQ:FTR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.
Frontier Communications Corporation (NASDAQ:FTR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.94 and $4.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.94, notching a gain of 1.86% for the day. The total traded volume was 14,303,350 . The stock had closed at $4.85 on the previous day.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Chief People Officer) of Frontier Communications Corp, Weslock Kathleen, had purchased 12,370 shares in a transaction dated on November 10, 2015. The transaction was executed at $4.81 per share with total amount equaling $59,500.
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.