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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.