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A statement released earlier today by Citigroup about Frontier Communications Corp (NYSE:FTR) bumps down the target price to $3.50

Just yesterday Frontier Communications Corp (NYSE:FTR) traded 3.10% lower at $4.21. The company’s 50-day moving average is $4.74 and its 200-day average is $5.11. With the last close down 17.57% from the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same time. Volume of trade was was down over the average, with 8,387,718 shares of FTR changing hands under the typical 17,407,400 shares..

Frontier Communications Corp (NYSE:FTR) had its estimated target price bumped down to $4 by Citigroup in an issued report announced Friday September 16 2016. The updated target price suggests a possible downside of -0.17% based on the bussiness’ most recent closing price.

Recent Performance Graph:

Frontier Communications Corp (NYSE:FTR)

A total of 14 brokers have released a ratings update on Frontier Communications Corp. Six analysts rate the stock a strong buy, seven analysts rate the company a buy, three firms rate the company a hold, 0 rate the stock to underperform, and finally one brokeragerate the stock as sell with a 12-month target of $6.25

Frontier Communications Corp has a 52 week low of $3.81 and a 52 week high of $5.85 and has a market capitalization of $0.0.

More About Frontier Communications Corp (NYSE:FTR)

Frontier Communications Corporation (Frontier) 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. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services. It offers these services both on a standalone basis and as bundled packages that are designed to simplify customer purchasing decisions. Frontier provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. It provides data and Internet services; local and long distance wireline voice 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 and sales of customer premise equipment.

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