NEW YORK (TheStreet) -- Shares of Frontier Communications  (FTR)  were slumping in after-hours trading on Tuesday as the company posted 2016 third-quarter revenue that was below Wall Street's expectations. 

After today's closing bell, the communications services company said revenue was $2.52 billion, below Wall Street's expected $2.57 billion. 

Frontier reported an adjusted loss of 4 cents per share, which was in-line with analysts' estimates. 

For the year-ago period, Norwalk, CT-based Frontier reported adjusted earnings of 3 cents per share and $1.42 billion in revenue. 

Frontier said customer monthly churn was 2.08% for the 2016 third quarter, compared to a rate of 1.91% in the same quarter last year. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Frontier Communications as a Hold with a ratings score of C-. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, the team also finds weaknesses including generally higher debt management risk, disappointing return on equity and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: FTR

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