Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Consensus Recommendation of "Hold" from Analysts

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $36.07.

FYBR has been the subject of a number of recent analyst reports. New Street Research downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. Finally, Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th.

Frontier Communications Parent Trading Up 0.4 %

Shares of FYBR stock opened at $36.11 on Friday. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of -27.99 and a beta of 1.01. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The firm has a 50-day moving average price of $35.84 and a 200 day moving average price of $35.43. Frontier Communications Parent has a twelve month low of $21.31 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Research analysts forecast that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John Harrobin sold 36,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the completion of the sale, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Frontier Communications Parent

A number of institutional investors and hedge funds have recently bought and sold shares of FYBR. Norges Bank acquired a new position in shares of Frontier Communications Parent during the fourth quarter worth $191,247,000. Tudor Investment Corp ET AL purchased a new position in Frontier Communications Parent in the 4th quarter valued at about $114,555,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Frontier Communications Parent by 472.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock valued at $109,295,000 after acquiring an additional 2,599,714 shares in the last quarter. Sona Asset Management US LLC acquired a new position in shares of Frontier Communications Parent in the fourth quarter worth about $51,179,000. Finally, FIL Ltd acquired a new position in shares of Frontier Communications Parent in the fourth quarter worth about $49,228,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.