Frontier Communications Corp. (fka FTRCQ)

[PennyStockInvestor]

FTR Dividend is Secure According to this Article


Jefferies Starts Frontier Communications (FTR) at Buy, Believes Dividend Is Secure


November 17, 2011 7:21 AM EST

Jefferies initiates coverage on Frontier Communications (NYSE: FTR) with a Buy. PT $7.00.

"We believe the risk is worth the reward in the case of Frontier."

The firm notes that while progress has been slower than anticipated, "our view is that Frontier management will ultimately succeed in stabilizing EBITDA." The firm believes Frontier's dividend is secure, and that investors buying at current levels (13% yield) will be richly rewarded.


Shares of Frontier Communications closed at $5.33 yesterday, with a 52 week range of $5.32-$9.84.


Click on the link below to read the article.
http://www.streetinsider.com/Dividends/Jefferies+Starts+Frontier+Communications+(FTR)+at+Buy,+Believes+Dividend+Is+Secure/6958416.html