Analysts Offer Insights on Technology Companies: Descartes (FTR) and Frontier Communications Corporation (FTR)


Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Descartes (NASDAQ: DSGX) and Frontier Communications Corporation (NASDAQ: FTR).

Descartes (NASDAQ: DSGX)

Barclays analyst Phillip Huang maintained a Buy rating on Descartes (NASDAQ: DSGX) today and set a price target of $35. The company’s shares closed yesterday at $31.40, equals to its 52-week high of $31.40.

According to TipRanks.com, Huang is a 5-star analyst with an average return of 10.6% and a 80.9% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and BCE Inc.

Currently, the analyst consensus on Descartes is Strong Buy and the average price target is $34.17, representing an 8.8% upside.

In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $35 price target.

See today’s analyst top recommended stocks >>

Frontier Communications Corporation (NASDAQ: FTR)

In a report released today, Amir Rozwadowski from Barclays maintained a Sell rating on Frontier Communications Corporation (NASDAQ: FTR), with a price target of $7. The company’s shares closed yesterday at $7.74, close to its 52-week low of $6.08.

According to TipRanks.com, Rozwadowski is a 5-star analyst with an average return of 16.3% and a 62.1% success rate. Rozwadowski covers the Technology sector, focusing on stocks such as Interxion Holding NV, Zayo Group Holdings, and CenturyLink Inc.

Frontier Communications Corporation has an analyst consensus of Moderate Sell, with a price target consensus of $8.

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