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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Frontier Communications Corp Class B (Nasdaq: FTR) is trading at unusually high volume Thursday with 20.8 million shares changing hands. It is currently at two times its average daily volume and trading down 23 cents (-5.1%) at $4.27 as of 10:31 a.m. ET.

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Frontier Communications Corp Class B has a market cap of $4.64 billion and is part of the technology sector and telecommunications industry. Shares are up 8.6% 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 31, 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 increase in net income, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally higher debt management risk. You can view the full Frontier Communications Corp Class B Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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