Alaska Communications Systems Group Inc
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Communication Services : Diversified Telecommunication Services | Small Cap ValueCompany profile

Alaska Communications Systems Group, Inc. is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company's facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system. It serves customers in various areas, such as Business and Wholesale (broadband, voice and managed IT services); Consumer (broadband and voice services), and Other Services (including carrier termination, equipment sales, access services and support services receiving federal support funding). It provides voice and broadband services to residential customers. It provides voice and broadband origination and termination services to inter and intrastate carriers serving its retail customers.

Price
Delayed
$1.65
Day's Change
-0.005 (-0.30%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.66
Day's Low
1.64
Volume
(Light)

Today's volume of 15,430 shares is on pace to be much lighter than ALSK's 10-day average volume of 31,114 shares.

15,430

Financial stocks set for broad selloff

8:04 am ET August 12, 2019 (MarketWatch)
Print

Financial stocks were set up for a broad selloff Monday, weighed down by the continued drop in Treasury yields (http://www.marketwatch.com/story/treasury-yields-extend-plunge-as-geopolitical-tensions-heat-up-2019-08-12). The SPDR Financial Select Sector ETF (XLF) shed 1.1% in premarket trading. Among the financial ETF's (XLF) more-active components before the open, shares of Bank of America Corp. (BAC) dropped 1.6%, Citigroup Inc. (C) slid 1.5%, J.P. Morgan Chase & Co. (JPM) slid 1.6%, Wells Fargo & Co. (WFC) gave up 1.3% and Goldman Sachs Group Inc. (GS) fell 1.6%. The yield on the 10-year Treasury note dropped 4.1 basis points to 1.690%, as growing concerns of increasing trade tensions drove demand for safe-haven assets. Lower long-term yields can hurt bank profits, as it narrows the spread between what banks earn on longer-term assets, like loans, and costs of shorter-term liabilities. the 10-year yield has declined 28.7 basis points so far this month, through Friday. The XLF has lost 1.1% over the past three months, while the S&P 500 has gained 1.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 12, 2019 08:04 ET (12:04 GMT)

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