Citi raised the firm’s price target on Frontier Communications to $35 from $32 and keeps a Buy rating on the shares. The company delivered favorable Q2 results with solid broadband volume, the analyst tells investors in a research note. The firm believes Frontier’s operating strategy remains on track to deliver ongoing annual consolidated revenue growth and better annual EBITDA growth.
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Read More on FYBR:
- Frontier narrows FY24 adjusted EBITDA view to $2.22B-$2.25B from $2.2B-$2.25B
- Frontier Communications reports Q2 EPS (49c), consensus (16c)
- FYBR Upcoming Earnings Report: What to Expect?
- Frontier Communications initiated with a Buy at UBS
- Frontier Communications receives $15M in grant funding from ROBIN