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Stock Market & Financial Investment News

News Breaks
April 22, 2014
09:22 EDTFTRFrontier Communications downgraded to Hold from Buy at Gabelli
News For FTR From The Last 14 Days
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August 12, 2014
14:55 EDTFTRFrontier Communications confirms settlement with Connecticut AG over AT&T deal
Frontier Communications (FTR) announced it has reached an agreement with the Connecticut Attorney General and the Office of Consumer Counsel related to Frontierís proposed acquisition of AT&T's (T) incumbent local exchange operations and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut. As part of the transaction, Frontier will also acquire AT&T's U-verse video and satellite TV operations in Connecticut. Highlights of the agreement state that for a period of not less than 36 months after the closing of the transaction (i) there will be no increases in the basic primary residential rate in effect for transferred exchanges as of the closing date; and (ii) where available, Frontier has agreed to offer its basic broadband and stand-alone basic broadband product at or below Frontierís current prices. In addition, Frontier has committed to incremental capital investments totaling $63M over 2015, 2016 and 2017 to expand and improve broadband in Connecticut.
August 6, 2014
09:09 EDTFTRFrontier Communications price target raised to $7 from $6 at BMO Capital
BMO Capital increased its price target on Frontier Communications after the company reported in-line Q2 revenue but higher than expected free cash flow. The firm thinks the company's trends were positive overall and keeps an Outperform rating on the shares.

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