In a report released today, Simon Flannery from Morgan Stanley maintained a Hold rating on Frontier Communications Corporation (FTR), with a price target of $5. The company’s shares opened today at $3.88, close to its 52-week low of $3.52.
According to TipRanks.com, Flannery is a 4-star analyst with an average return of 4.6% and a 66.1% success rate. Flannery covers the Technology sector, focusing on stocks such as Zayo Group Holdings, Intelsat SA, and Windstream.
Currently, the analyst consensus on Frontier Communications Corporation is a Moderate Sell with an average price target of $4, a 3.1% upside from current levels. In a report issued on November 7, Deutsche Bank also maintained a Hold rating on the stock with a $5 price target.
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The company has a one-year high of $11.64 and a one-year low of $3.52. Currently, Frontier Communications Corporation has an average volume of 3.21M.
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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.
