Frontier Communications Corporation (FTR) : During the past 4 weeks, traders have been relatively bearish on Frontier Communications Corporation (FTR), hence the stock is down -9.63% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.27% relative to the S&P 500. The 4-week change in the price of the stock is -9.28% and the stock has fallen -3.3% in the past 1 week.
Frontier Communications Corporation has dropped 4.42% during the last 3-month period . Year-to-Date the stock performance stands at 4.48%. The stock has recorded a 20-day Moving Average of 5.33% and the 50-Day Moving Average is 5.72%.
Frontier Communications Corporation (NASDAQ:FTR): The stock opened at $4.80 on Friday but the bulls could not build on the opening and the stock topped out at $4.81 for the day. The stock traded down to $4.66 during the day, due to lack of any buying support eventually closed down at $4.69 with a loss of -1.88% for the day. The stock had closed at $4.78 on the previous day. The total traded volume was 16,956,728 shares.
Also, Raymond James maintains its view on Frontier Communications Corporation (NASDAQ:FTR) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Raymond James lowers the price target from $6 per share to $5.5 per share on Frontier Communications Corporation. The rating by the firm was issued on August 2, 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.