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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Frontier Communications Corp Class B ( FTR) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.3%. By the end of trading, Frontier Communications Corp Class B rose $0.38 (8.6%) to $4.78 on heavy volume. Throughout the day, 52,759,655 shares of Frontier Communications Corp Class B exchanged hands as compared to its average daily volume of 8,728,400 shares. The stock ranged in a price between $4.61-$4.94 after having opened the day at $4.94 as compared to the previous trading day's close of $4.40. Other companies within the Telecommunications industry that increased today were: eOn Communications Corporation ( EONC), up 9.7%, Towerstream Corporation ( TWER), up 6.6%, Gogo ( GOGO), up 6.3% and DragonWave ( DRWI), up 6.1%.

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 $4.4 billion and is part of the technology sector. The company has a P/E ratio of 74.0, above the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Frontier Communications Corp Class B a buy, 1 analyst rates it a sell, and 7 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 a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the negative front, xG Technology ( XGTI), down 7.2%, B Communications ( BCOM), down 6.1%, Schawk ( SGK), down 4.5% and IDT Corporation ( IDT), down 4.3% , were all laggards within the telecommunications industry with Verizon Communications ( VZ) being today's telecommunications industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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