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.
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.
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.