Frontier Communications Corp Class B Rises On Unusually High Volume (FTR)

NEW YORK ( TheStreet) -- Frontier Communications Corp Class B (Nasdaq: FTR) is trading at unusually high volume Friday with 64.8 million shares changing hands. It is currently at four times its average daily volume and trading up 26 cents (+5.8%) at $4.72 as of 3 p.m. ET.

Frontier Communications Corp Class B has a market cap of $4.73 billion and is part of the technology sector and telecommunications industry. Shares are down 13.4% 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 26.9, below the average telecommunications industry P/E ratio of 31.7 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 reasonable valuation levels, 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 weak operating cash flow. You can view the full Frontier Communications Corp Class B Ratings Report.

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