Frontier Communications (FTR) Trading 6.6% Higher
Shares of Frontier Communications Corp (NASDAQ:FTR) traded up 6.6% during trading on Monday . The company traded as high as $2.10 and last traded at $2.09. 3,569,958 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 3,741,941 shares. The stock had previously closed at $1.96.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Frontier Communications from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Tuesday, November 20th. Royal Bank of Canada set a $5.00 target price on shares of Frontier Communications and gave the stock a “hold” rating in a research note on Monday, November 19th. UBS Group cut shares of Frontier Communications from a “neutral” rating to a “sell” rating and cut their target price for the stock from $6.00 to $3.00 in a research note on Wednesday, November 7th. Citigroup cut their price objective on Frontier Communications from $4.50 to $2.75 and set a “sell” rating for the company in a research note on Wednesday, November 21st. Finally, BidaskClub lowered Frontier Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 24th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.64.
The company has a market cap of $206.88 million, a PE ratio of -0.55 and a beta of 0.95. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 8.44.
ILLEGAL ACTIVITY NOTICE: “Frontier Communications (FTR) Trading 6.6% Higher” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2019/02/11/frontier-communications-ftr-trading-6-6-higher.html.
About Frontier Communications (NASDAQ:FTR)
Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper based networks to consumer customers. The company also provides broadband, Ethernet, traditional circuit-based, and voice services; and software defined wide area network, multiprotocol label switching, and time division multiplexing data transport and optical transport services to small, medium, and large enterprises, as well as advanced hardware and network solutions and services, and customer premise equipment.
Recommended Story: What are catch-up contributions?
Receive News & Ratings for Frontier Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications and related companies with MarketBeat.com's FREE daily email newsletter.