Brokerage Firm Rating Update on Frontier Communications Corporation (FTR)

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.

Frontier Communications Corporation (FTR) : Currently there are 7 street experts covering Frontier Communications Corporation (FTR) stock. The most bullish and bearish price target for the stock is $8 and $5 respectively for the short term. The average price target of all the analysts comes to $5.91. The estimated standard deviation from the target is $0.8.


For the current week, the company shares have a recommendation consensus of Buy. Also, Raymond James maintains its rating on Frontier Communications Corporation (NASDAQ:FTR). The global brokerage major lowers the current price target from $6 per share to $5.5 per share. Analysts at the Raymond James have a current rating of Outperform on the shares. The rating by the firm was issued on August 2, 2016.

Frontier Communications Corporation (NASDAQ:FTR): The stock opened at $4.7 and touched an intraday high of $4.78 on Wednesday. During the day, the stock corrected to an intraday low of $4.685, however, the bulls stepped in and pushed the price higher to close in the green at $4.73 with a gain of 1.07% for the day. The total traded volume for the day was 21,574,576. The stock had closed at $4.68 in the previous trading session.

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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