Frontier Communications Parent (NASDAQ:FYBR) Lowered to "Peer Perform" at Wolfe Research

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) was downgraded by investment analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research report issued on Monday, MarketBeat reports.

Several other research analysts have also weighed in on FYBR. Wells Fargo & Company reissued an "equal weight" rating and set a $38.50 price target (up from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. Benchmark reissued a "buy" rating and set a $37.00 price target on shares of Frontier Communications Parent in a research report on Thursday, September 5th. JPMorgan Chase & Co. lowered Frontier Communications Parent from an "overweight" rating to a "neutral" rating and upped their price target for the company from $35.00 to $38.50 in a research report on Tuesday, September 17th. The Goldman Sachs Group upped their price target on Frontier Communications Parent from $29.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Finally, UBS Group lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 6th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.38.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR traded down $0.18 during mid-day trading on Monday, reaching $35.53. The company had a trading volume of 2,562,449 shares, compared to its average volume of 2,036,954. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.19. The stock has a market cap of $8.83 billion, a PE ratio of 323.00 and a beta of 1.08. The company has a 50-day moving average price of $31.08 and a two-hundred day moving average price of $27.19. Frontier Communications Parent has a 1-year low of $13.66 and a 1-year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.38). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, equities analysts anticipate that Frontier Communications Parent will post -0.79 earnings per share for the current year.

Institutional Trading of Frontier Communications Parent

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in shares of Frontier Communications Parent during the 2nd quarter worth about $37,000. Neo Ivy Capital Management bought a new stake in Frontier Communications Parent during the 4th quarter valued at approximately $49,000. Game Plan Financial Advisors LLC boosted its stake in Frontier Communications Parent by 320.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company's stock valued at $51,000 after purchasing an additional 1,600 shares during the period. Blue Trust Inc. boosted its stake in Frontier Communications Parent by 224,400.0% during the 2nd quarter. Blue Trust Inc. now owns 2,245 shares of the company's stock valued at $55,000 after purchasing an additional 2,244 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Frontier Communications Parent by 100.9% during the 1st quarter. GAMMA Investing LLC now owns 2,523 shares of the company's stock valued at $62,000 after purchasing an additional 1,267 shares during the period.

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.