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Enter Symbol:
 
Frontline Ltd. (FRO) [hlAlert]

Rating:
Sell FRO
up 798.43 %

Frontline Ltd. (FRO) rated Sell with price target $15 by Deutsche Securities

Posted on: Thursday,  Oct 1, 2009  8:25 AM ET by Deutsche Securities

Deutsche Securities rated Sell Frontline Ltd. (NYSE: FRO) on 10/01/2009, when the stock price was $22.91. Since
then, Frontline Ltd. has lost 88.87% as of 01/14/2016's recent price of $2.55.
If you would have followed this Deutsche Securities's recommendation on FRO, you would have gained 798.43% of your investment in 2296 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.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2009 8:25 AM Sell
None
22.91 15.00
as of 12/31/2009
1 Week up  13.79 %
1 Month up  8.24 %
3 Months down  -8.81 %
1 YTD down  -8.81 %

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