NEW YORK, NY / ACCESSWIRE / July 11, 2017 / Shares of Frontier Communications had a rough day on Monday as the telecommunications company announced that it had completed its 1-for-15 reverse stock split that left many investors wondering what the fate of the company would now be. Shares of Windstream Holdings closed in the green despite hitting a new low yesterday.

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 6.10% yesterday. The company announced on Monday that it has completed its 1-for-15 reverse stock split. While some traders found the split encouraging, others not so much. The move was reportedly done to keep their listing on the NASDAQ. So far shares of the stock have dropped 70% this year. After the reverse stock split, the total number of shares of common stock that Frontier is authorized to issue changed from 1,750,000,000 shares to 175,000,000 shares. The company has been struggling and saw a decline in revenue in the past year. It plans to put $1 billion into capital spending this year.

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

Windstream Holdings, Inc.'s shares closed in the green up 4.58% on Monday despite also hitting a new 52-week low of $3.67 during intra-day trading. The stock popped back to close at $3.88 and even hit as high as $3.93 during the day. There was no remarkable news from the company to explain the activity yesterday, but Holdings Channel did report that Berson & Corrado Investment Advisors LLC increased their stake in the company by 212.8% during Q2. The institutional investor now owns 342,703 shares of Windstream Holdings' stock. Among the 5 analysts that are covering the stock, 3 have Buy rating, and the other 2 have a Hold rating. Last month, the provider of advanced network communications had announced that it has joined the Open Network Automation Platform (ONAP) Project. YTD shares have declined 47.07%.

Access RDI?s Windstream Holdings Inc. 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.

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 reviewed by Nadia Noorani, CFA® charter holder. 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:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com