UPDATE: Citigroup Downgrades Frontier Communications to Sell on Cash Flow Pressure
Posted on February 14, 2013 at 07:52 AM EST
Citigroup downgraded Frontier Communications (NASDAQ: FTR ) from Neutral to Sell and lowered the price target from $5.00 to $3.50. Citigroup commented, "We are reducing our rating on Frontier from Neutral to Sell with a downwardly revised target price of $3.50 based on our increasing concerns that the company