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Frontier Communi: The Losing Streak Continues (FTR)

By Nick Russo

Shares of Frontier Communi (NASDAQ:FTR) traded at a new 52-week low today of $4.81. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 3.6 million shares.

Frontier Communications Corporation provides communications services to residential and business customers in urban, suburban, and rural communities in the United States. The Company offers a variety of communications solutions services through its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and frontier secure digital protection.

Frontier Communi share prices have moved between a 52-week high of $18.21 and the current low of $4.81 and are currently at $4.84 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 6% while the 200-day MA has slid 1.7%.

Frontier Communi (NASDAQ:FTR) has potential upside of 82.0% based on a current price of $4.84 and analysts' consensus price target of $8.81. The stock should find initial resistance at its 50-day moving average (MA) of $7.09 and further resistance at its 200-day MA of $8.21.

SmarTrend is tracking the current trend status for Frontier Communi and will alert subscribers who have FTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows frontier communi

Ticker(s): FTR