Frontier Communications Corporation (FTR) Receives ‘Analyst’ Rating

Frontier Communications Corporation (FTR) has an average broker rating of 1.82, 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 4 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.

Frontier Communications Corporation (FTR) : The most positive equity analysts on Frontier Communications Corporation (FTR) expects the shares to touch $8, whereas, the least positive believes that the stock will trade at $5 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $5.77 with an expected fluctuation of $0.84 from the mean.


Also, Brokerage firm Macquarie upgrades its rating on Frontier Communications Corporation (NASDAQ:FTR). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on September 6, 2016.

Frontier Communications Corporation (NASDAQ:FTR): The stock opened in the green at $4.4 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $4.439 and a low of $4.33 for the day. The stock did not find buyers even at the lows and closed at $4.35 recording a loss of -0.91%. 18,556,188 shares exchanged hands during the trading day. The stock had closed at $4.39 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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