Frontier Communications Corp Class B (FTR): Today's Featured Technology Loser

Frontier Communications Corp Class B ( FTR) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 1%. By the end of trading, Frontier Communications Corp Class B fell 5 cents (-1.3%) to $3.93 on light volume. Throughout the day, 8.6 million shares of Frontier Communications Corp Class B exchanged hands as compared to its average daily volume of 13.4 million shares. The stock ranged in price between $3.90-$4.05 after having opened the day at $4.05 as compared to the previous trading day's close of $3.98. Other company's within the Technology sector that declined today were: Lexmark International ( LXK), down 16.2%, Intelligent Systems ( INS), down 12%, Dynasil Corporation of America ( DYSL), down 10.1%, and Astea International ( ATEA), down 9.4%.

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 $4.02 billion and is part of the telecommunications industry. The company has a P/E ratio of 31, below the average telecommunications industry P/E ratio of 33.6 and above the S&P 500 P/E ratio of 17.7. Shares are down 21.7% year to date as of the close of trading on Thursday. Currently there are five analysts that rate Frontier Communications Corp Class B a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Frontier Communications Corp Class B as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity.

On the positive front, Deltathree ( DDDC), up 110.5%, Trunkbow International Holdings ( TBOW), up 16%, MER Telemanagement Solutions ( MTSL), up 13.5%, and Ascent Solar Technologies ( ASTI), up 12.3%, were all gainers within the technology sector with Telefonica ( TEF) being today's featured technology sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
null

If you liked this article you might like

3 'Orphan Stocks' to Consider Adopting

What a Difference a Day Makes for New SEC Rule

What It Will Take to Reboot Houston's Telecom Services Post-Harvey

How Hurricane Harvey Is Affecting Customers of Comcast, AT&T and Charter