Frontier Communications Parent (NASDAQ:FYBR) Earns Hold Rating from Benchmark

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report)'s stock had its "hold" rating restated by equities researchers at Benchmark in a research report issued on Tuesday,Benzinga reports.

Separately, Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $35.31.

Frontier Communications Parent Trading Up 0.6 %

NASDAQ:FYBR traded up $0.23 during trading hours on Tuesday, reaching $35.99. The company's stock had a trading volume of 2,317,971 shares, compared to its average volume of 2,457,855. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of -27.90 and a beta of 1.05. The firm has a 50-day simple moving average of $35.49 and a 200-day simple moving average of $34.60. Frontier Communications Parent has a 1 year low of $21.31 and a 1 year high of $39.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77.

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

Institutional Investors Weigh In On Frontier Communications Parent

A number of large investors have recently modified their holdings of FYBR. Creative Planning boosted its stake in shares of Frontier Communications Parent by 21.5% during the 3rd quarter. Creative Planning now owns 14,383 shares of the company's stock valued at $511,000 after purchasing an additional 2,541 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at about $222,000. State of Alaska Department of Revenue boosted its stake in shares of Frontier Communications Parent by 5.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,693 shares of the company's stock valued at $912,000 after purchasing an additional 1,370 shares in the last quarter. US Bancorp DE boosted its stake in shares of Frontier Communications Parent by 8.4% during the 3rd quarter. US Bancorp DE now owns 7,750 shares of the company's stock valued at $275,000 after purchasing an additional 598 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Frontier Communications Parent by 80.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company's stock valued at $64,000 after purchasing an additional 811 shares in 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.