Frontier Communications (FTR) Downgraded to “Hold” at Vetr

Frontier Communications (NASDAQ:FTR) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research report issued on Thursday. They currently have a $9.22 price objective on the utilities provider’s stock. Vetr‘s price target would indicate a potential upside of 3.71% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut Frontier Communications from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. BidaskClub cut Frontier Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Barclays began coverage on Frontier Communications in a research report on Friday, December 15th. They set an “underweight” rating and a $7.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $8.00 price target (down from $16.00) on shares of Frontier Communications in a research report on Monday, November 20th. Finally, Bank of America cut Frontier Communications from a “neutral” rating to an “underperform” rating and set a $4.00 price target for the company. in a research report on Friday, November 10th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $9.49.

Frontier Communications (NASDAQ:FTR) traded up $0.66 during trading on Thursday, hitting $8.89. The company had a trading volume of 3,142,607 shares, compared to its average volume of 2,580,000. The company has a debt-to-equity ratio of 5.16, a current ratio of 0.70 and a quick ratio of 0.70. Frontier Communications has a 12-month low of $6.08 and a 12-month high of $51.30. The firm has a market capitalization of $697.49, a P/E ratio of -0.65 and a beta of 0.67.

Several institutional investors have recently bought and sold shares of FTR. State of Alaska Department of Revenue purchased a new stake in shares of Frontier Communications in the fourth quarter valued at approximately $105,000. Shelton Capital Management purchased a new stake in shares of Frontier Communications in the second quarter valued at approximately $111,000. GSA Capital Partners LLP purchased a new stake in shares of Frontier Communications in the second quarter valued at approximately $113,000. Sciencast Management LP purchased a new stake in shares of Frontier Communications in the fourth quarter valued at approximately $115,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Frontier Communications in the fourth quarter valued at approximately $117,000. Institutional investors and hedge funds own 61.58% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Frontier Communications (FTR) Downgraded to “Hold” at Vetr” was originally reported by BBNS and is owned by of BBNS. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/frontier-communications-ftr-downgraded-to-hold-at-vetr/1884677.html.

About Frontier Communications

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Frontier Communications (NASDAQ:FTR)

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.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.