Technology

Top News: Frontier Communications Corporation (NASDAQ:FTR), Corning Incorporated (NYSE:GLW)

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Frontier Communications Corporation (NASDAQ:FTR) initiated the shares trading at $5.10 and showed positive change of +0.58% while the stock’s final trade was registered at $ 5.20. However, its previous closing price was seen at $5.17. The stock negotiated total number of 19 million shares as compared to 3 months average volume of 15.59 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 5.03 and had been up from its 200 Day Moving Average of 5.04.

Frontier Communications Corporation’s (FTR) has price-to-cash ratio of 12.11 and price to sale ratio of 1.09. The company net profit margin is -9.10% and gross profit margin is 65.20%. A look on the firm performance, its monthly performance is 3.17% and a quarterly performance of -2.76%. The stock price is moving up from its 20 days moving average with 4.33% and isolated positively from 50 days moving average with 3.60%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “2” brokerage firms and recommended as “Strong Buy” by “2” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.5” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of Corning Incorporated (NYSE:GLW) climbed +0.14% and ended at $21.38 greater than previous closing price of $21.35. The total 4.39 million shares were bought and sold throughout the most recent trading session less than average volume of 8.83 million shares.

The average true range of Corning Inc.’s (GLW) is recorded at 0.39 and the relative strength index of the stock stands 64.46. The stock price is going above to its 52 week low with 42.55% and lagging behind from its 52 week high with -0.79%. Analyst recommendation for this stock stands at 2.60. A look on the firm performance, its monthly performance is 6.32% and a quarterly performance of 2.89%. The stock price is trading upbeat from its 200 days moving average with 13.65% and up from 50 days moving average with 6.56%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “6” brokerage firms and recommended as “Strong Buy” by “0” brokerage firms. 3” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “3.25” brokerage firms. “1” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

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