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Fairpoint Communications (FRP) Jumps: Stock Rises 6.3% - Tale of the Tape

Fairpoint Communications, Inc. ( FRP ) was a big mover last session, as the company saw its shares rise more than 6% on the day. The upside came after the company announced its decision to launch data center services applications for wholesale re-sellers and cloud providers looking for a New England presence. The news led to far more shares changing hands than in a normal session breaking the recent trend of the company, as the stock is now trading above the volatile price range of $16.29 to $18.18 over the past one-month time frame.

The stock has witnessed one downward estimate revision in the past 30 days. The Zacks Consensus Estimate has also moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.

Fairpoint Communications carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock in the telecom services - domestic industry is TeliaSonera Aktiebolag (publ) ( TLSNY ) carrying a Zacks Rank #2 (Buy).

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FAIRPOINT COMM (FRP): Free Stock Analysis Report

TELIASONERA-ADR (TLSNY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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