Frontier Communications downgraded to Sell from Neutral at Goldman Goldman downgraded Frontier based on a deteriorating cost structure and reduced synergies. Price target is $3.75.
News For FTR From The Last 14 Days
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Frontier Communications reaffirms outlook for 2013 Frontier Communications continues to expect 2013 capital expenditures and free cash flow within a range of $625M-$675M and $825M-$925M, respectively. The company expects that in 2013, absent any further legislative changes in 2013, its cash taxes guidance remains unchanged and will be in the range of $125M-$150M.
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