RBC Capital analyst Kutgun Maral reiterated a Hold rating on Frontier Communications Corporation (FTR) yesterday and set a price target of $3. The company’s shares closed yesterday at $2.96, close to its 52-week low of $1.81.
According to TipRanks.com, Maral is ranked #3285 out of 5215 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Frontier Communications Corporation with a $2.38 average price target, a -19.6% downside from current levels. In a report issued on February 19, Raymond James also downgraded the stock to Hold.
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The company has a one-year high of $11.64 and a one-year low of $1.81. Currently, Frontier Communications Corporation has an average volume of 4.36M.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FTR in relation to earlier this year.
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Frontier Communications Corp. engages in the provision of communication services to urban, suburban, and rural customers. The firm offers voice, data, and video services and products on a standalone basis and as bundled or packaged solutions.
