Shares of Frontier Communications Corporation (NASDAQ:FTR) Sees Large Inflow of Net Money Flow

The shares of Frontier Communications Corporation (NASDAQ:FTR) traded with a loss of -0.13 points or -2.5% in the most recent session. The shares last traded at $4.88. As per the trading info, the shares saw $16.57 million in upticks and lost $9.36 million in downticks, resulting in a net money flow of $7.2 million. The up/down ratio for the day was measured at 1.77. For the week, the shares had posted -6.69%.From the block trade data available, the total upticks were valued at $9.04 million and the total downticks were valued at $3.14 million, thereby putting the up/down ratio at 2.88. The net money flow for the block transaction was $5.9 million.


Currently the company Insiders own 0.99% of Frontier Communications Corporation shares according to the proxy statements. Institutional Investors own 66.55% of Frontier Communications Corporation shares. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Chief People Officer) of Frontier Communications Corp, Weslock Kathleen, had purchased 12,370 shares in a transaction dated on November 10, 2015. The transaction was executed at $4.81 per share with total amount equaling $59,500.

Frontier Communications Corporation (NASDAQ:FTR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.24 points or 4.7% at $4.87 with 18,954,851 shares getting traded. Post opening the session at $4.97, the shares hit an intraday low of $4.87 and an intraday high of $5.05 and the price was in this range throughout the day. The company has a market cap of $5,713 million and the number of outstanding shares have been calculated to be 1,173,076,000 shares. The 52-week high of Frontier Communications Corporation (NASDAQ:FTR) is $5.85 and the 52-week low is $3.81.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of Frontier Communications Corporation (NASDAQ:FTR). Citigroup has a Sell rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on March 9, 2016.

Frontier Communications Corporation is a communications company. The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. It conducts business with both residential and business customers, and it provides the last mile of communications services to customers in these markets. The Company provides data and Internet services and wireless data services, basic local and long distance voice wireline services to residential and business customers in its service areas, network access to interexchange carriers for origination and termination of long distance voice and data traffic, sales of its own and third party video services, and sales of customer premise equipment.

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