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New York, NY -- (SBWIRE) -- 01/02/2013 -- Frontier Communications Corporation (NASDAQ:FTR) is a communications company providing services primarily to rural areas and small and medium-sized towns and cities in the United States. The Company offers a range of voice, data, Internet, and television services and products, some that are available a la carte, and others that are available as bundled or packaged solutions. It operated in 27 states, and was the Incumbent Local Exchange Carrier (ILEC), with approximately 5.3 million access lines and 1.8 million broadband connections as of December 31, 2011.
FTR is +0.07 - +1.64% from the previous close of $4.28. It traded between $4.35 - 4.55 with total traded volume of 14398236 shares. At Current Market Price, FTR is in distance of -3.79% from its 50-day Moving Average price of $4.5215 and -2.28% from its 200-day Moving Average price of $4.4515.
The frontier is pressing to stabilize revenue in '13 or possibly grow it 1%-2%. Continued investment and market share gains in broadband should be the primary growth driver, but Frontier also highlighted a number of new initiatives including the AT&T Mobility partnership, the Hughes partnership where it is sees an untapped opportunity, and a residential VoIP product called Tandem.
Can FTR Find The Top further? Find Out Here
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