UPDATE: Hudson Square Downgrades Frontier to Hold

According to Hudson Square, Frontier (NYSE: FTR) is downgraded to Hold

Hudson Square said that it is downgrading Frontier stock from Buy to Hold. “The 4Q results weren't terrible 0 revenue beat our estimate by 1% while EBITDA missed by 2%. The 2012 outlook was also ok – our 2012E EBITDA of $2.42 billion was within the guidance range.”

Frontier closed yesterday at $4.63.