Bank of America Reiterates Underperform and PT of $7 on Frontier Communications

Bank of America reiterated its Underperform rating on Frontier Communications FTR. At the same time, the rating agency left its price target on the company's stock unchanged at $7. On Wednesday, FTR lost 2.44% of its value to finish the day at $7.19. Its shares rebounded in today's pre-market trading, rising 0.83% to stand around $7.25.