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Communications Services Down On Defensive Bias -- Communications Services Roundup

07/06/2021 | 05:11pm EDT

Communications services companies ticked down as traders rotated into defensive sectors.

Shares of Internet provider Frontier Communications rallied after analysts at brokerage Goldman Sachs initiated coverage of the company with a buy rating.

AMC Entertainment Holdings rose after the cinema chain said it was abandoning plans for shareholders to vote on the issuance of 25 million more shares.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

07-06-21 1710ET

Stocks mentioned in the article
ChangeLast1st jan.
AMC ENTERTAINMENT HOLDINGS, INC. -0.25% 39.98 Delayed Quote.1,790.57%
DJ INDUSTRIAL 1.48% 34764.82 Delayed Quote.10.83%
FRONTIER COMMUNICATIONS PARENT, INC. -1.20% 29.74 Delayed Quote.0.00%
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