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Frontline Ltd. (FRO) [hlAlert]

Rating:
Buy FRO
up 104.16 %

Frontline Ltd. (FRO) upgraded to Buy by Nordea

Posted on: Thursday,  Jan 14, 2016  10:25 AM ET by Nordea

Nordea rated Buy Frontline Ltd. (NYSE: FRO) on 01/14/2016. Previously Nordea rated Sell Frontline Ltd. (NYSE: FRO) on 02/28/2014., when
the stock price was $4.41. Since then, Frontline Ltd. has lost 51.02% as of 01/14/2016's recent price of $2.16.
If you would have followed the previous Nordea's recommendation on FRO, you would have gained 104.16% of your investment in 685 days.

Frontline Ltd. (Frontline) is engaged primarily in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers. The Company operates tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons (dwt), and Suezmaxes, which are vessels between 120,000 and 170,000 dwt. As of February 28, 2009, the Company operated a tanker fleet consisting of 83 vessels. The fleet consists of 41 VLCCs, which are either owned or chartered in, 30 Suezmax tankers, which are either owned or chartered in, eight Suezmax OBOs, which are chartered in, and four VLCCs under its commercial management. In January 2008, the Company established Independent Tankers Corporation Limited (ITCL), as a wholly owned subsidiary for the purpose of holding, by way of contribution, its interests in Independent Tankers Corporation (ITC). In February 2008, Frontline spun off 17.53% of its holding in ITCL to its shareholders.

Nordea
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2016 10:25 AM Buy
None
2.16
as of 8/27/2015
1 Week down  -6.25 %
1 Month up  8.92 %
3 Months up  1.16 %
1 YTD up  42.17 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/28/2014 9:25 AM Sell
None
4.41

(*) Stock Price at the time of the recommendation.
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