Frontier Communications Corporation (FTR) : Analyst Rating Update

Frontier Communications Corporation (FTR) : 8 brokerage houses believe that Frontier Communications Corporation (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 (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 (FTR) : The most positive equity analysts on Frontier Communications Corporation (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 (NASDAQ:FTR): The stock opened at $4.94 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.96 for the day. The stock traded down to $4.78 during the day, due to lack of any buying support eventually closed down at $4.88 with a loss of -2.01% for the day. The stock had closed at $4.98 on the previous day. The total traded volume was 23,933,098 shares.

The company shares have rallied 3.11% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $5.85 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.04 and the 200 Day Moving Average price is recorded at $5.02.

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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