NEW YORK (TheStreet) -- Shares of Frontier Communications (FTR) are climbing 0.99% to $5.07 after Frontier Secure, a service of FTR, said that it's offering high-speed Internet customers Nest thermostats.
Nest is a smart, energy-saving thermostat that can remember what temperature customers like, and can program itself. It can also be controlled with the smartphone, as users can adjust the temperature from anywhere at anytime.
The offer will be for new and existing Frontier Communications customers. Those who are upgrading their speed can get the Nest Learning Thermostat for $99, instead of its original price, $249.99.
"The Internet has become so much more than smartphones, tablets and computers," Frontier Secure's VP Kelly Morgan said. "As the gatekeeper to the digital world for our customers, we take pride in enhancing our customers' digital lives and helping them save energy and money with the Nest Thermostat."
Frontier Communications provides regulated and unregulated voice, data and video services to residential, business, and wholesale customers in the U.S.
Separately, TheStreet Ratings team rates FRONTIER COMMUNICATIONS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate FRONTIER COMMUNICATIONS CORP (FTR) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."