Frontier Communications: S&P Intraday Gainer
NEW YORK (
) -
Frontier Communications
(FTR) - Get Frontier Communications Corp. Report
was the best-performing stock in the
S&P 500
intraday Thursday.
The S&P 500 was down nearly 10 points, or 0.75%, to 1,303.
Shares of Frontier Communications rose 3.12% to $3.69. It's unclear as to why the stock was moving higher Thursday, though the company is holding a presentation at a Nomura conference Thursday afternoon.
Frontier Communications trades at an estimated price-to-earnings ratio for next year of 16.64 times; the average for fixed-line telecommunications companies is 32.35. For comparison,
Virgin Media
TheStreet Recommends
(VMED)
has a lower forward P/E of 9.11.
Twelve of the 18 analysts who cover Frontier rated it hold; six analysts gave the stock a buy rating.
The stock has declined 10.7% year to date.
-- Written by Alexandra Zendrian
>To contact the writer of this article, click here:
Alexandra Zendrian
>To submit a news tip, send an email to:
.
>To follow the writer on Twitter, go to
.
