Shares of Frontier Communications Corporation (FTR) Sees Large Outflow of Money

Frontier Communications Corporation (FTR) : Money flow in the Frontier Communications Corporation (FTR) stock was negative (2.28 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.48 million, compared to $7.76 million on downticks. The total uptick to downtick ratio was 0.71, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.97 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.03 million. Downtick transaction value in block trades amounted to $4 million, indicating persistent selling. The uptick to downtick ratio was 0.51. Frontier Communications Corporation (FTR) traded $0.02 higher at $4.9 gaining 0.31% over the previous days close.


Frontier Communications Corporation (FTR) : 9 investment research analysts covering Frontier Communications Corporation (FTR) have an average price target of $6.39 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $5 for the short term. Analysts expect the variance to be within $1.11 of the average price. The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 3.11%.

Frontier Communications Corporation (NASDAQ:FTR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.89 and $4.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.91, notching a gain of 0.61% for the day. The total traded volume was 9,953,961 . The stock had closed at $4.88 on the previous day.

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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