Frontier Communications Parent stock reached a 12-month high of $27.41 on 23 April, with Bank of America and Citigroup upgrading ratings to 'buy' and raising target prices.

Frontier Communications Parent, a US communication and technology services provider, reached a new 12-month high of $27.41 on 23 April. Bank of America and Citigroup upgraded their rating on the stock to a 'buy' from 'neutral', with target prices of $30.00 and $28.00 respectively. Frontier Communications reported EPS of $0.07 for the latest quarter, topping analysts' consensus estimate of $0.01 by $0.06, and revenue of $1.43bn, also exceeding expectations.

May 03, 2024
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