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 Thursday morning with an open price 20.2% lower than Wednesday's closing price. The stock closed at $4.86 Wednesday and opened today's trading at $3.88.

The average volume for Frontier Communications Corp Class B has been 15.2 million shares per day over the past 30 days. Frontier Communications Corp Class B has a market cap of $3.87 billion and is part of the technology sector and telecommunications industry. Shares are down 24.7% year to date as of the close of trading on Wednesday.

Frontier Communications Corporation provides communications services for residential and business customers in the United States. The company has a P/E ratio of 29.8, below the average telecommunications industry P/E ratio of 32.3 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Frontier Communications Corp Class B Ratings Report.

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