Analysts Set Frontier Communications Parent, Inc. (NASDAQ:FYBR) Price Target at $35.31

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $35.31.

A number of equities analysts have issued reports on the stock. Citigroup downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Raymond James cut shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday. Benchmark lowered shares of Frontier Communications Parent from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Finally, BNP Paribas upgraded Frontier Communications Parent to a "hold" rating in a research note on Monday, October 14th.

Frontier Communications Parent Stock Up 0.0 %

FYBR stock traded up $0.01 during mid-day trading on Monday, reaching $35.80. 1,365,348 shares of the company traded hands, compared to its average volume of 2,533,344. 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 firm's 50 day moving average price is $35.13 and its 200 day moving average price is $33.70. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of -47.73 and a beta of 1.05. Frontier Communications Parent has a fifty-two week low of $20.51 and a fifty-two week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.46 billion. Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. As a group, equities research analysts predict that Frontier Communications Parent will post -0.92 EPS for the current fiscal year.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total transaction of $818,661.35. Following the completion of the transaction, the executive vice president now owns 121,182 shares in the company, valued at $4,223,192.70. This trade represents a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.

Institutional Trading of Frontier Communications Parent

Institutional investors have recently modified their holdings of the business. UMB Bank n.a. raised its holdings in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after acquiring an additional 425 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Frontier Communications Parent in the third quarter valued at $50,000. Meeder Asset Management Inc. bought a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at $52,000. Farther Finance Advisors LLC lifted its holdings in Frontier Communications Parent by 80.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company's stock worth $64,000 after purchasing an additional 811 shares in the last quarter. Finally, Quarry LP bought a new position in Frontier Communications Parent in the 3rd quarter worth about $91,000.

About Frontier Communications Parent

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.