Frontier Communications Corp Class B (FTR): Today's Featured Telecommunications Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
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Frontier Communications Corp Class B
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 1.1%. By the end of trading, Frontier Communications Corp Class B rose 8 cents (1.7%) to $4.74 on average volume. Throughout the day, 8.6 million shares of Frontier Communications Corp Class B exchanged hands as compared to its average daily volume of 11 million shares. The stock ranged in a price between $4.65-$4.76 after having opened the day at $4.66 as compared to the previous trading day's close of $4.66. Other companies within the Telecommunications industry that increased today were:
(
), up 9.2%,
eOn Communications Corporation
(
), up 7.2%,
(
), up 7.1%, and
RRSat Global Communications Network
(
), up 6.5%.
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Frontier Communications Corporation provides communications services for residential and business customers in the United States. Frontier Communications Corp Class B has a market cap of $4.6 billion and is part of the
sector. The company has a P/E ratio of 46.1, above the average telecommunications industry P/E ratio of 41.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 10.5% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Frontier Communications Corp Class B a buy, no analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates Frontier Communications Corp Class B as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.
- You can view the full Frontier Communications Corp Class B Ratings Report.
On the negative front,
(
), down 19.5%,
(
), down 9.3%,
(
), down 8.6%, and
(
), down 6.9%, were all laggards within the telecommunications industry with
(
) being today's telecommunications industry laggard.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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