NEW YORK, NY / ACCESSWIRE / May 25, 2017 / Frontier Communications suffered a setback on Wednesday after the company was given a downgrade in rating by Moody's Investors Service. Windstream Holdings saw a volume increase despite any significant news to back it up.

RDI Initiates Coverage on:

Frontier Communications Corporation
https://ub.rdinvesting.com/news/?ticker=FTR

Windstream Holdings, Inc.
https://ub.rdinvesting.com/news/?ticker=WIN

Frontier Communications Corporation's shares closed down 2.14% and came seventeen cents shy of hitting the stock's 52 week low of $1.18 during intra-day trading. Traders were disappointed in the setback that the company experienced when Moody's Investors Service assigned rating of B1 to the new term loan issued as compared to the company's corporate family rating of B2. Moody's maintained the company's default rating (PDR) at B2-PD. The leading regional telecommunication company in the U.S. reported that as of Mar 31, 2017, the number of residential customers decreased 3.2% sequentially to 4,736,000. According to Moody's rationale, "Frontier's B2 CFR reflects its large scale of operations, its predictable cash flows and extensive network assets. Additionally, the rating is supported by the company's improved ability to generate cash following the reduction of its dividend payments. These factors are offset by Frontier's declining revenues, EBITDA and margins which result from secular decline and competitive pressure. These issues are exacerbated by poor execution of the integration of the CTF assets. Additionally, the ratings are constrained by the risk that the company may not have the discipline to continue to adequately invest in network modernization."

Access RDI's Frontier Communications Research Report at:
https://ub.rdinvesting.com/news/?ticker=FTR

Windstream Holdings, Inc.'s shares closed down 5.01% on Wednesday and came seven cents shy of the stock's 52-week low of $4.28. The stock's volume spiked compared to usual with 5.67 million shares traded on 11,867 trades. There was no significant news to explain the increase in volume, but the company is scheduled to have its annual meeting of stockholders at 11 a.m. CDT on Thursday, May 25. Shares have traded between $4.28 and $10.45 over the last 52-weeks. Windstream is a FORTUNE 500 company that provides advanced network communications and technology solutions for consumers, small businesses, enterprise organizations and carrier partners across the U.S.

Access RDI's Windstream Holdings Research Report at:
https://ub.rdinvesting.com/news/?ticker=WIN

Our Actionable Research on Frontier Communications Corporation (NASDAQ: FTR) and Windstream Holdings, Inc. (NASDAQ: WIN) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com