FairPoint Communications (FRP) Earning Somewhat Favorable Media Coverage, Analysis Finds
Press coverage about FairPoint Communications (NASDAQ:FRP) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FairPoint Communications earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.5001535155402 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of FairPoint Communications (NASDAQ FRP) opened at 15.95 on Friday. FairPoint Communications has a 52 week low of $13.04 and a 52 week high of $19.60. The company’s 50 day moving average is $14.69 and its 200-day moving average is $16.88.
A number of brokerages recently weighed in on FRP. ValuEngine cut shares of FairPoint Communications from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of FairPoint Communications from a “buy” rating to a “hold” rating in a research note on Monday, May 8th.
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About FairPoint Communications
FairPoint Communications, Inc is a provider of data, voice and communications services to business, wholesale and residential customers within its service territories. The Company offers its customers a suite of services, such as Ethernet, Session Initiation Protocol Trunking (SIP-Trunking), hosted Primary Branch Exchange (hosted PBX), managed services, data center colocation services, high capacity data transport and other Internet protocol (IP)-based services over its fiber-based network.
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