Frontier Communications downgraded to Sell from Neutral at Citigroup Citigroup downgraded Frontier Communications (FTR) to Sell and lowered its price target for shares to $3.50 from $5.00 on concerns the company will experience further cash flow pressure in the coming years from legacy revenue erosion and increasing competition.
News For FTR From The Last 14 Days
Check below for free stories on FTR the last two weeks.
Frontier Communications announces investment in Pennsylvania exceeds $75M Frontier Communications announced that the company’s three years of capital expenditures in Pennsylvania exceeded $75M, including approximately $23M in 2013. Frontier invested $75.2M of its own capital during the past three years, with significant funding supporting engineering initiatives to increase broadband access and improve network infrastructure across the company’s eastern Pennsylvania territory.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: CommonWealth REIT (CWH) downgraded to Sell from Hold at Stifel... Del Frisco's (DFRG) downgraded to Market Perform from Outperform at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at UBS... Diageo (DEO) downgraded to Market Perform from Outperform at Raymond James... Eni SpA (E) downgraded to Neutral from Buy at UBS... Fidelity & Guaranty Life (FGL) downgraded to Neutral from Outperform at Credit Suisse... Frontier Communications (FTR) downgraded to Hold from Buy at Gabelli... QEP Resources (QEP) downgraded to Equalweight from Overweight at Barclays... Rogers Communications (RCI) downgraded to Sell from Hold at Canaccord... Rush Enterprises (RUSHA) downgraded to Underperform from Buy at BofA/Merrill... TSMC (TSM) downgraded to Neutral from Overweight at HSBC... Valero (VLO) downgraded to Neutral from Buy at BofA/Merrill... Wisconsin Energy (WEC) downgraded to Fair Value from Buy at CRT Capital... Zillow (Z) downgraded to Fair Value from Buy at CRT Capital... Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Evercore.
Frontier Communications ratifies contract with New York workers Employees of Frontier Communications in Monroe, New York, represented by the International Brotherhood of Electrical Workers Local 503, recently ratified a customer service-focused labor agreement with the company. The employees ratified the agreement on March 27.