Frontier Communications Corp Class B Stock Falls On Unusually High Volume (FTR)
Frontier Communications Corp Class B (Nasdaq:FTR) is trading at unusually high volume Tuesday with 21.6 million shares changing hands. It is currently at 2.3 times its average daily volume and trading down 9 cents (-2.2%).
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 Tuesday with 21.6 million shares changing hands. It is currently at 2.3 times its average daily volume and trading down 9 cents (-2.2%) at $4 as of 3:51 p.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Frontier Communications Corp Class B has a market cap of $4.02 billion and is part of the technology sector and telecommunications industry. Shares are down 5.8% year to date as of the close of trading on Monday. Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to business, residential, and wholesale 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 reasonable valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.