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

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

Frontier Communications Corp Class B ( FTR) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.8%. By the end of trading, Frontier Communications Corp Class B rose $0.11 (2.7%) to $4.15 on average volume. Throughout the day, 9,455,277 shares of Frontier Communications Corp Class B exchanged hands as compared to its average daily volume of 8,199,900 shares. The stock ranged in a price between $4.02-$4.15 after having opened the day at $4.05 as compared to the previous trading day's close of $4.04. Other companies within the Technology sector that increased today were: Dynasil Corporation of America ( DYSL), up 35.6%, ClearSign Combustion ( CLIR), up 10.0%, Agilysys ( AGYS), up 9.2% and Turkcell Iletisim Hizmetleri AS ( TKC), up 8.9%.
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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. Frontier Communications Corp Class B has a market cap of $4.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 27.6, above the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Frontier Communications Corp Class B a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Frontier Communications Corp Class B as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally higher debt management risk.

On the negative front, Netlist ( NLST), down 12.5%, SemiLEDs ( LEDS), down 11.2%, Alpha & Omega Semiconductor ( AOSL), down 11.1% and First Solar ( FSLR), down 10.8% , were all laggards within the technology sector with EMC Corporation ( EMC) being today's technology sector laggard.

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).

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