Today’s Research Reports on Trending Tickers: CenturyLink and Frontier Communications
U.S. markets rallied on Monday, after posting its worst weekly decline in two years, as President Trump unveiled details from his long awaited $200 billion infrastructure plan. The Dow Jones Industrial Average spiked 1.70 percent to close at 24,607.27, while the S&P 500 Index jumped 1.39 percent to close at 2,656.00. The Nasdaq Composite Index rose 1.56 percent to close at 6,981.96.“It usually takes a few weeks to work through the kind of correction we had. With options contracts expiring on Friday and a day off for markets next Monday, as well as important data releases, this will be a volatile week, with a lot of intraday swings,” said J.J. Kinahan, chief strategist at TD Ameritrade, according to MarketWatch. “We are in a period when everything is being re-evaluated. The inflation number will be the first number after a tumultuous week, so people will be paying a lot of attention to it. Though, portfolio strategies should not change just on one data point,” Kinahan said. RDI Initiates Coverage on: CenturyLink, Inc.
https://rdinvesting.com/news/?ticker=CTL Frontier Communications Corp.
https://rdinvesting.com/news/?ticker=FTR CenturyLink’s stock moved 4.88% higher Monday, to close the day at $16.76. The stock recorded a trading volume of 12,828,667 shares, which was below its three months average volume of 14,801,954 shares. In the last year, CenturyLink’s shares have traded in a range of 13.16 – 27.61. The share price has gained 27.36% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $17.28 is below its 200-day moving average of $18.15. Shares of CenturyLink are trading at a Price to Earnings ratio of 28.90. Shares of CenturyLink have fallen roughly 3.46 percent in the past month and are up 0.48 percent year-to-date. Access RDI’s CenturyLink, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CTL On Monday, shares of Frontier Communications recorded a trading volume of 2,608,557 shares, which was below the three months average volume of 3,683,973 shares. The stock ended the day 12.19% higher at 7.64. The share price has gained 25.66% from its 52 week low with a 52 week trading range of 6.08 – 51.30. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $7.60 is below its 200-day moving average of $10.46. Shares of Frontier Communications have fallen roughly 7.95 percent in the past month and are up 13.02 percent year-to-date. Access RDI’s Frontier Communications Corp. Research Report at:
https://rdinvesting.com/news/?ticker=FTR Our Actionable Research on CenturyLink, Inc. (NYSE:CTL) and Frontier Communications Corp. (NASDAQ:FTR) can be downloaded free of charge at Research Driven Investing. Research Driven Investing We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection. RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document. Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer. CONTACT For any questions, inquiries, or comments reach out to us directly at: Address: Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011 Email: [email protected] CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.