NEW YORK, May 4, 2017 /PRNewswire/ --
Today's pre-market research on Stock-Callers.com is centered on the following equities: Frontier Communications Corp. (NASDAQ: FTR), AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ), and CenturyLink Inc. (NYSE: CTL). Companies in the Domestic Telecom Services space provide communication services for voice, data, and video transmission through a variety of ways. They also own and operate fixed-line, wireless, high-bandwidth, and/or satellite networks. Download the free research reports on these stocks today:
Norwalk, Connecticut-based Frontier Communications Corp.'s shares fell 16.58%, closing Wednesday's trading session at $1.61. The stock recorded a trading volume of 115.32 million shares, which was above its three months average volume of 44.97 million shares. The Company's shares are trading 29.90% below their 50-day moving average. Additionally, shares of Frontier Communications, which provides communications services to residential, business, and wholesale customers in the US, have a Relative Strength Index (RSI) of 27.82.
On May 02nd, 2017, Frontier Communications announced that its Board of Directors has declared a regular quarterly dividend on the Company's 11.125% Mandatory Convertible Preferred Stock, Series A, of $2.78125 per share, payable in cash on June 30th, 2017, to holders of record at the close of business on June 15th, 2017.
On May 03rd, 2017, research firm Citigroup upgraded the Company's stock rating from 'Sell' to 'Neutral'. See our free and comprehensive research report on FTR at:
On Wednesday, shares in Dallas, Texas-based AT&T Inc. recorded a trading volume of 33.73 million shares, which was above their three months average volume of 18.70 million shares. The stock dropped 1.41%, ending the day at $38.40. The Company's shares are trading below their 200-day moving average by 3.66%. Furthermore, shares of AT&T, which provides telecommunications and digital entertainment services, have an RSI of 23.21.
On May 02nd, 2017, AT&T announced that it has invested more than $550 million in its Arkansas wireless and wired networks during 2014 to 2016. These investments drive a wide range of upgrades to reliability, coverage, speed, and overall performance for residents and businesses. They also improve critical services that support public safety and first responders. T free research report PDF is just a click away at:
New York City, New York headquartered Verizon Communications Inc.'s stock finished the day 0.52% higher at $46.15. A total volume of 19.57 million shares was traded, which was above their three months average volume of 15.52 million shares. The Company's shares are trading below their 50-day moving averages by 5.03%. Additionally, shares of Verizon, which through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide, have an RSI of 32.31.
On April 21st, 2017, research firm Argus downgraded the Company's stock rating from 'Buy' to 'Hold'.
On May 02nd, 2017, Verizon Enterprise Solutions, a division of Verizon Communications, has launched a new Software-Defined Perimeter (SDP) service that enables enterprise customers to proactively identify and block cyber attacks by creating a virtual boundary around their network. The Company's SDP service, a scalable Software-as-a-Service solution, provides pre-authenticated, context-aware, secure access to enterprise applications. Sign up for your complimentary report on VZ at:
Shares in Monroe, Louisiana-based CenturyLink Inc. ended yesterday's session 2.04% lower at $25.42. The stock recorded a trading volume of 10.39 million shares, which was above its three months average volume of 8.76 million shares. The Company's shares have advanced 7.71% in the last one month, 1.92% over the previous three months, and 9.33% since the start of this year. The stock is trading 5.51% and 0.78% above its 50-day and 200-day moving averages, respectively. Moreover, shares of CenturyLink, which provides various communications services to residential, business, wholesale, and governmental customers in the US, have an RSI of 57.72.
On May 02nd, 2017, CenturyLink announced that it completed the previously announced sale of its data centers and colocation business on May 01st, 2017 to funds advised by BC Partners, in a consortium including Medina Capital Advisors and Longview Asset Management. CenturyLink has received approximately $1.86 billion of pre-tax net cash proceeds, subject to certain post-closing adjustments, and an approximately 10% equity stake in the consortium's newly formed global secure infrastructure company, Cyxtera Technologies. Register for free on Stock-Callers.com and download the latest research report on CTL at:
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