Shares of Frontier Communications (FTR +4.5%) are trading higher this morning after Piper...

|About: Frontier Communications Cor... (FTR)|By:, SA News Editor

Shares of Frontier Communications (FTR +4.5%) are trading higher this morning after Piper Jaffray initiates coverage with a Neutral. Piper notes the company has a very high dividend, which is sustainable today by a lower cash tax rate derived from current bonus depreciation rules.