Shares of Frontier Communications Corp. tumbled 9.4% toward a 4 1/2-year closing low, as the communication services company’s disappointing third-quarter results led to multiple analyst downgrades and stock price target cuts. Late Tuesday, Frontier reported a swing to a wider-than-expected loss and revenue that missed expectations, as the number of customers declined and churn increased. Analyst Jennifer Fritzsche at Wells Fargo cut her rating to market perform, after being at outperform since she started covering the stock in January 2014, and slashed her stock valuation range to $4.00 to $4.25 from $8.50 to $9.00. “While we are typically reluctant to change ratings during earnings periods, we just do not have line of sight into when revenue stability in the acquired markets will be achieved,” Fritzsche wrote in a note to clients. “We see limited near-term catalysts to drive the shares higher.” Deutsche Bank analyst Matthew Niknam downgraded Frontier to hold, less than nine months since upgrading it to buy, and cut his stock price target to $4 from $5, as the company’s efforts to stem revenue losses through cost cuts remain challenged. “It all comes back to revenue growth, or lack thereof,” Niknam wrote. The stock
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