Frontier Communications Corporation (FTR): Not All Is OK

The stock of Frontier Communications Corporation (NASDAQ:FTR) has been Downgraded to Mkt Perform from Outperform by Raymond James in its latest research note that was published on February 19. Wells Fargo analysts have downgraded their rating of FTR stock from Market Perform to Underperform in a separate flash note to investors on January 08. Analysts at UBS downgraded the stock to a Sell call from its previous Neutral stance, in a research note that dated back to November 07.

Frontier Communications Corporation, which has current market capitalization of above $120 Million, published its last quarter earnings on June 30, 2019.

FTR surged by $0.06 during the normal trading session on Thursday and reaching a high of $1.25 during the day while it closed the day at $1.15. The Frontier stock had a low trading volume of 2.19 million shares on that day, which is low compared to the average daily volume of 2.61M shares. FTR has also gained 46.42% of its value over the past 7 days. However, the stock has declined by 24.34% in the 3 months of the year. Over the past six months meanwhile, it has lost 55.60% while it has lost 51.68% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -37.16% from its 3 months high price. However, taking another look at FTR will indicate that it is trading +72.41% away from its 90-day low. Looking at the bigger picture, the Frontier Communications Corporation stock has dropped by -84.14% from its 52-week high while it has surged by +72.41% from its 52-week low price.

On May 25, 2017 Arndt Kenneth, EVP, Commercial Sales bought 866.671 shares of the company. The average price for that transaction was $20.7 per share, which meant that Arndt Kenneth spent $17940.09 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with EVP, Field Operations, Lass John purchasing 533.336 shares of this stock on May 16, 2017. The average purchasing price for the stock was $20.25 per share, with the purchased stock accruing $10800.05. Following this transaction, the EVP, Field Operations Lass John now holds 162603 shares of the company, which is worth around $193497.6.

Frontier has around 267 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $2 Trillion. The Frontier stock is bringing in revenue of over 12 months, which is roughly 2 Trillion. Despite all that, Frontier Communications Corporation is seeing things declining very much as their y-o-y quarterly revenue dropped by -4.39%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 41.53%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 82.85%. Over the past 20 days, Frontier’s Stochastic %K stood at 91% while its Stochastic %D was revealed to be 87.12%.