Jefferies Reiterates a 'Buy' on Frontier Communications (FTR); Clean Quarter Settles Investors

August 1, 2012 7:15 AM EDT
Get Alerts FTR Hot Sheet
Price: $3.48 --0%

Rating Summary:
    14 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 28 | New: 23
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Jefferies reiterates a 'Buy' on Frontier Communications (NASDAQ: FTR) price target of $6.00.

Analyst, Thomas Seitz, said, "Frontier reported 2Q12 results that indicate that operations continue to slowly but steadily improve. Adjusted EBITDA margin (49.3%) jumped to a post acquisition high as the company continues to take costs out of the business. We believe the maturity schedule is manageable and the dividend payout ratio is likely to stay below 50% for several years." (FY12 EPS estimate lowered from $0.19 to $0.16, FY13 raised from $0.26 to $0.28)

For an analyst ratings summary and ratings history on Frontier Communications click here. For more ratings news on Frontier Communications click here.

Shares of Frontier Communications closed at $3.92 yesterday.

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