Frontier Communications Corp (NASDAQ:FTR)’s share price fell 0% during trading on Tuesday . The company traded as low as $8.58 and last traded at $8.72. 2,279,938 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 2,644,472 shares. The stock had previously closed at $8.72.
A number of research firms have commented on FTR. BidaskClub raised shares of Frontier Communications from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Frontier Communications from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Tuesday, January 9th. Vetr raised shares of Frontier Communications from a “hold” rating to a “buy” rating and set a $9.22 price objective for the company in a report on Wednesday. Bank of America downgraded shares of Frontier Communications from a “neutral” rating to an “underperform” rating and set a $4.00 price objective for the company. in a report on Friday, November 10th. Finally, Barclays began coverage on shares of Frontier Communications in a report on Friday, December 15th. They issued an “underweight” rating and a $7.00 price objective for the company. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Frontier Communications has an average rating of “Hold” and a consensus target price of $9.49.
The stock has a market cap of $684.15, a price-to-earnings ratio of -0.63 and a beta of 0.64. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.16.
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Frontier Communications Company Profile
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).
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