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

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) have received an average rating of "Hold" from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $35.31.

Several research analysts have recently weighed in on the company. Raymond James downgraded Frontier Communications Parent from a "strong-buy" rating to a "market perform" rating in a research note on Monday, October 28th. TD Cowen downgraded shares of Frontier Communications Parent from a "buy" rating to a "hold" rating and decreased their price objective for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. Benchmark lowered shares of Frontier Communications Parent from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. BNP Paribas upgraded shares of Frontier Communications Parent to a "hold" rating in a research report on Monday, October 14th. Finally, Citigroup cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th.

Frontier Communications Parent Stock Performance

FYBR traded up $0.14 on Thursday, reaching $35.31. The stock had a trading volume of 2,590,344 shares, compared to its average volume of 3,015,549. The business's 50-day moving average price is $34.80 and its two-hundred day moving average price is $32.41. The company has a market cap of $8.79 billion, a P/E ratio of -47.08 and a beta of 1.05. Frontier Communications Parent has a 12-month low of $20.51 and a 12-month high of $39.21. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The business had revenue of $1.49 billion during 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%. Frontier Communications Parent's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. Sell-side analysts forecast that Frontier Communications Parent will post -0.83 earnings per share for the current year.

Insider Activity

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the business'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 in the company, valued at $4,223,192.70. The trade was a 16.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company's stock.

Institutional Trading of Frontier Communications Parent

Several institutional investors have recently made changes to their positions in FYBR. Everence Capital Management Inc. acquired a new stake in Frontier Communications Parent during the fourth quarter worth $261,000. Franklin Resources Inc. grew its holdings in shares of Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock worth $1,588,000 after purchasing an additional 372 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Frontier Communications Parent during the 3rd quarter worth about $240,000. M&T Bank Corp raised its holdings in Frontier Communications Parent by 4.2% in the 3rd quarter. M&T Bank Corp now owns 18,703 shares of the company's stock valued at $664,000 after buying an additional 750 shares during the period. Finally, Barclays PLC lifted its position in Frontier Communications Parent by 39.7% in the third quarter. Barclays PLC now owns 99,969 shares of the company's stock valued at $3,553,000 after buying an additional 28,417 shares during the last quarter.

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.