Frontier Communications Parent, Inc. (NASDAQ:FYBR) Given Average Rating of "Hold" by Brokerages

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve research firms that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.31.

Several equities research analysts have recently weighed in on FYBR shares. Benchmark reaffirmed a "buy" rating and issued a $37.00 price target on shares of Frontier Communications Parent in a research report on Thursday, September 5th. The Goldman Sachs Group increased their target price on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, August 5th. TD Cowen cut shares of Frontier Communications Parent from a "buy" rating to a "hold" rating and decreased their target price for the company from $39.00 to $38.50 in a research report on Tuesday, October 8th. Raymond James lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "market perform" rating in a research note on Monday, October 28th. Finally, Moffett Nathanson lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 5th.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 23,491 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the transaction, the executive vice president now directly owns 121,182 shares of the company's stock, valued at approximately $4,223,192.70. This trade represents a 16.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Frontier Communications Parent

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in shares of Frontier Communications Parent in the second quarter valued at approximately $37,000. Capital Performance Advisors LLP purchased a new position in Frontier Communications Parent in the third quarter worth approximately $50,000. Meeder Asset Management Inc. purchased a new position in Frontier Communications Parent in the third quarter worth approximately $52,000. Blue Trust Inc. lifted its stake in Frontier Communications Parent by 224,400.0% in the second quarter. Blue Trust Inc. now owns 2,245 shares of the company's stock worth $55,000 after acquiring an additional 2,244 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Frontier Communications Parent by 80.8% in the third quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company's stock worth $64,000 after acquiring an additional 811 shares during the last quarter.

Frontier Communications Parent Trading Down 0.1 %

NASDAQ:FYBR traded down $0.05 during mid-day trading on Wednesday, hitting $34.70. 2,306,213 shares of the stock traded hands, compared to its average volume of 2,248,201. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of -46.27 and a beta of 1.10. The firm's 50 day moving average is $35.42 and its two-hundred day moving average is $30.22. Frontier Communications Parent has a 52 week low of $20.42 and a 52 week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.11). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. Frontier Communications Parent's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. On average, equities research analysts predict that Frontier Communications Parent will post -0.83 earnings per share for the current year.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.