FairPoint Communications Lowered to Neutral at Zacks (FRP)
FairPoint Communications (NYSE:FRP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, StockRatingsNetwork reports. They currently have a $14.60 price target on the stock. Zacks‘ price objective indicates a potential upside of 21.57% from the company’s current price.
FRP has been the subject of a number of other recent research reports. 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.
FairPoint Communications (NYSE:FRP) traded up 2.00% on Friday, hitting $12.25. 58,537 shares of the company’s stock traded hands. FairPoint Communications has a 52-week low of $6.77 and a 52-week high of $13.79. The stock has a 50-day moving average of $12.13 and a 200-day moving average of $9.99. The company’s market cap is $321.0 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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