Frontier Communications (FTR) Misses Q1 EPS by 2c, Reaffirms Guidance

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Frontier Communications (FTR) PT Bumped Higher at Nomura Post Q1

May 7, 2014 7:42 AM EDT

Nomura Securities analyst Adam Ilkowitz bumped his price target on Buy-rated Frontier Communications (NASDAQ: FTR) to $6.00 (from $5.50) following Q1 results.

Ilkowitz comments, "Frontier reported 1Q14 results that were worse than expected, with revenue and Adj. EBITDA missing both Nomura and consensus expectations. We... More