FairPoint Communications Upgraded to Outperform by Zacks (FRP)
FairPoint Communications (NYSE:FRP) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Thursday, Analyst Ratings Network.com reports. The firm currently has a $13.30 price target on the stock. Zacks‘ price objective would suggest a potential upside of 5.89% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of FairPoint Communications in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Analysts at Stifel Nicolaus upgraded shares of FairPoint Communications from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 6th. They now have a $14.00 price target on the stock.
Shares of FairPoint Communications (NYSE:FRP) traded up 0.80% during mid-day trading on Thursday, hitting $12.66. The stock had a trading volume of 82,990 shares. FairPoint Communications has a 1-year low of $6.77 and a 1-year high of $12.87. The stock’s 50-day moving average is $10.04 and its 200-day moving average is $9.38. The company’s market cap is $331.8 million.
FairPoint Communications, Inc (NYSE:FRP) is a provider of communications services in rural and small urban communities, offering a range of services, including high speed data (HSD), Internet access, voice, television and broadband product offerings.
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