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

Frontier Communications Corporation (FTR) : The money flow analysis of Frontier Communications Corporation (FTR) indicates a $7.59 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $10 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.32 and so was the total money flow at $2.41 million. A solid up-down ratio of 2.79 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $4.73 million worth of block trades on upticks. Only $1.7 million worth of the stock exchanged hands on downticks. The money flow was $3.03 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Frontier Communications Corporation (FTR), pushing it down by -0.46% for the day. The stock slid $0.02 and traded at $4.32 during the day. Nonetheless, the stock is -0.23% over the previous weeks close.


Shares of Frontier Communications Corporation appreciated by 5.08% during the last five trading days but lost 4.71% on a 4-week basis. Frontier Communications Corporation has dropped 8.44% during the last 3-month period . Year-to-Date the stock performance stands at -1.08%.

Frontier Communications Corporation (FTR) : The consensus on Frontier Communications Corporation (FTR) based on 11 analyst recommendation on the company stock is 1.82, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Frontier Communications Corporation (NASDAQ:FTR): The stock was completely flat for the day, closing at $4.34 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $4.35, the stock touched an intraday high of $4.38 and a low of $4.25. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $4.34. The total trading volume on Wednesday was 17,620,792.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.