Frontier Communications Corp Class B Stock Gaps Down On Today's Open (FTR)

NEW YORK ( TheStreet) -- Shares of Frontier Communications Corp Class B (NYSE: FTR) were gapping down Friday morning with an open price 14.4% lower than Thursday's closing price. The stock closed at $5.68 Thursday and opened today's trading at $4.86.

The average volume for Frontier Communications Corp Class B has been 14.5 million shares per day over the past 30 days. Frontier Communications Corp Class B has a market cap of $4.85 billion and is part of the technology sector and telecommunications industry. Shares are down 49.9% year to date as of the close of trading on Thursday.

Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company has a P/E ratio of 30.4, below the average telecommunications industry P/E ratio of 32.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Frontier Communications Corp Class B as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and generally poor debt management. You can view the full Frontier Communications Corp Class B Ratings Report.

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