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Frontier Communications Corp 24% Potential Upside Now Implied by RBC Capital Mkts

Frontier Communications Corp with TICKER NASDAQ:FTR had its stock rating noted as ‘Initiated’ with the recommendation being set at ‘SECTOR PERFORM’ this morning by analysts at RBC Capital Mkts. Frontier Communications Corp are listed in the Public Utilities sector within NASDAQ. RBC Capital Mkts have set a target price of 6 USD on its stock. This would indicate that the analyst believes there is a potential upside of 24% from the opening price of 4.84 USD.

Frontier Communications Corp NASDAQ:FTR has a 50 day moving average of 5.20 USD and the 200 Day Moving Average price is recorded at 6.28 USD. The 52 week high for the stock is 8.46 USD while the year low stock price is currently 4.19 USD. Over the last 30 and 90 trading days the company share price has decreased 0.47 points and decreased 0.72 points respectively. There are currently 1,168,206,869 shares in issue with the average daily volume traded being 22,245,513. Market capitalisation for NASDAQ:FTR is $5,700,849,654.00 USD.

 

Frontier Communications Corp NASDAQ:FTR is a communications company. The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. It conducts business with both residential and business customers, and it provides the last mile of communications services to customers in these markets. The Company provides data and Internet services and wireless data services, basic local and long distance voice wireline services to residential and business customers in its service areas, network access to interexchange carriers for origination and termination of long distance voice and data traffic, sales of its own and third party video services, and sales of customer premise equipment.

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