GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
 
Frontline Ltd. (FRO) [hlAlert]

Rating:
Neutral FRO
up 57.07 %

Frontline Ltd. (FRO) upgraded to Neutral by UBS

Posted on: Friday,  Nov 28, 2008  8:25 AM ET by UBS

UBS rated Neutral Frontline Ltd. (NYSE: FRO) on 11/28/2008. Previously UBS rated Sell Frontline Ltd. (NYSE: FRO) on 07/13/2007., when
the stock price was $51.85. Since then, Frontline Ltd. has lost 36.34% as of 11/28/2008's recent price of $33.01.
If you would have followed the previous UBS's recommendation on FRO, you would have gained 57.07% of your investment in 504 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/28/2008 8:25 AM Hold
None
33.01
as of 12/24/2008
1 Week down  -2.68 %
1 Month down  -109.22 %
3 Months down  -61.44 %
1 YTD down  -19.47 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/13/2007 9:25 AM Sell
None
51.85

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy