Analyst Rating Update on Frontier Communications Corporation (FTR)

Frontier Communications Corporation (FTR) : The consensus on Frontier Communications Corporation (FTR) based on 12 analyst recommendation on the company stock is 1.92, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Frontier Communications Corporation (FTR) : 8 investment research analysts covering Frontier Communications Corporation (FTR) have an average price target of $6.24 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $5 for the short term. Analysts expect the variance to be within $1.2 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, downgrades their rating on the shares of Frontier Communications Corporation (NASDAQ:FTR). Morgan Stanley has a Equal-weight rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $5.4 per share from a prior target of $6. The rating by the firm was issued on July 18, 2016.


Frontier Communications Corporation (NASDAQ:FTR): The stock opened at $4.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.87 for the day. The stock traded down to $4.76 during the day, due to lack of any buying support eventually closed down at $4.82 with a loss of -0.62% for the day. The stock had closed at $4.85 on the previous day. The total traded volume was 27,910,700 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.