Cowen Starts Frontier Communications (FTR) at Outperform

Cowen initiates coverage on Frontier Communications (NASDAQ: FTR) with a Outperform rating and a price target of $6.00.

Analyst Gregory Williams commented, "Once viewed as a legacy copper-based RLEC, Frontier has undergone a makeover with transformative acquisitions including an upcoming and underappreciated Verizon transaction that will favorably shift revenue mix and provide additional FCF cushion for what we view as the industry's best dividend. Initiate with Outperform and $6 PT."

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 $5.11 yesterday.

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