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Fly News Breaks for July 11, 2016
FTR
Jul 11, 2016 | 07:24 EDT
Macquarie analyst Amy Yong initiated Frontier Communications with an Underperform and $4.65 price target. The analyst said Frontier is the most susceptible to cable competition, convergence of wireline/wireless, and the potential threat of wireless substitution particularly if 5G speeds are achieved, combined with FiOS integration risk, drives her Underperform rating.
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