Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives $35.31 Average PT from Brokerages

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) have received an average recommendation of "Hold" from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Eight 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 price target among brokerages that have issued ratings on the stock in the last year is $35.31.

FYBR has been the subject of several recent analyst reports. UBS Group cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 6th. Wolfe Research cut shares of Frontier Communications Parent from an "outperform" rating to a "peer perform" rating in a research note on Monday, September 30th. Wells Fargo & Company reissued an "equal weight" rating and issued a $38.50 price target (up previously from $31.00) on shares of Frontier Communications Parent in a research note on Friday, September 6th. The Goldman Sachs Group boosted their price target on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Finally, Citigroup cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th.

Frontier Communications Parent Price Performance

NASDAQ FYBR traded down $0.14 on Friday, hitting $36.01. 3,276,539 shares of the company were exchanged, compared to its average volume of 2,580,614. Frontier Communications Parent has a 12 month low of $16.29 and a 12 month high of $39.21. The stock has a fifty day moving average of $34.01 and a 200-day moving average of $28.70. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.19.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.38). Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts expect that Frontier Communications Parent will post -0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Frontier Communications Parent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FYBR. International Assets Investment Management LLC bought a new position in Frontier Communications Parent in the 2nd quarter worth $37,000. Blue Trust Inc. raised its holdings in Frontier Communications Parent by 224,400.0% in the 2nd quarter. Blue Trust Inc. now owns 2,245 shares of the company's stock worth $55,000 after purchasing an additional 2,244 shares in the last quarter. Game Plan Financial Advisors LLC raised its holdings in Frontier Communications Parent by 23.8% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company's stock worth $68,000 after purchasing an additional 500 shares in the last quarter. GAMMA Investing LLC raised its holdings in Frontier Communications Parent by 18.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,799 shares of the company's stock worth $99,000 after purchasing an additional 444 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Frontier Communications Parent by 140.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,208 shares of the company's stock worth $103,000 after purchasing an additional 2,461 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.