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A statement released earlier today by RBC Capital Markets about Frontier Communications Corp (NYSE:FTR) drops the target price to $8.00

Boasting a price of $7.05, Frontier Communications Corp (NYSE:FTR) traded 1.55% higher on the day. The last stock price is down -40.38% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. FTR has recorded a 50-day moving average of $14.09 and a 200-day moving average of $22.01. 4,296,472 shares of FTR traded hands, up from an average trading volume of 4,174,020

RBC Capital Markets bumped down the target of Frontier Communications Corp (NYSE:FTR) to $8.00 stating a potential upside of 0.13%.

See Chart Below

Frontier Communications Corp (NYSE:FTR)

Frontier Communications Corp has a 52 week low of $11.65 and a 52 week high of $66.00 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $6.25 with 6 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Frontier Communications Corp (NYSE:FTR)

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE). The Company offers a range of broadband services. The principal residential service it provides is broadband Internet service. Its commercial services include Ethernet, Dedicated Internet, Multiprotocol Label Switching (MPLS), Time Division Multiplexing (TDM) data transport services and optical transport services. It also offers wireless broadband services (using unlicensed spectrum) in various markets utilizing networks that it owns or operates. In addition, the Company offers its Frontier Secure suite of products, including computer security, cloud backup and sharing, identity protection and equipment insurance.

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