Frontier Communications Parent (NASDAQ:FYBR) Sees Unusually-High Trading Volume - Time to Buy?

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) saw unusually-high trading volume on Monday . Approximately 1,166,526 shares traded hands during trading, a decline of 45% from the previous session's volume of 2,106,084 shares.The stock last traded at $35.63 and had previously closed at $36.14.

Wall Street Analysts Forecast Growth

FYBR has been the topic of several research analyst reports. Wolfe Research downgraded Frontier Communications Parent from an "outperform" rating to a "peer perform" rating in a research note on Monday, September 30th. TD Cowen downgraded Frontier Communications Parent from a "buy" rating to a "hold" rating and dropped their price target for the company from $39.00 to $38.50 in a research note on Tuesday, October 8th. BNP Paribas upgraded Frontier Communications Parent to a "hold" rating in a research note on Monday, October 14th. Wells Fargo & Company reiterated an "equal weight" rating and set a $38.50 price target (up previously from $31.00) on shares of Frontier Communications Parent in a research note on Friday, September 6th. Finally, The Goldman Sachs Group boosted their price target on Frontier Communications Parent from $29.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $35.31.

Frontier Communications Parent Trading Down 2.0 %

The firm has a market cap of $8.82 billion, a price-to-earnings ratio of -96.16 and a beta of 1.10. The company has a fifty day moving average price of $34.73 and a 200-day moving average price of $29.20. The company has a current ratio of 0.87, a quick 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 analysts' consensus estimates of ($0.11) by ($0.38). The business 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 for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS. As a group, research analysts expect that Frontier Communications Parent, Inc. will post -0.79 EPS for the current year.

Hedge Funds Weigh In On Frontier Communications Parent

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in Frontier Communications Parent in the 2nd quarter worth about $37,000. Capital Performance Advisors LLP acquired a new position in Frontier Communications Parent in the 3rd quarter worth about $50,000. 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 during the period. Farther Finance Advisors LLC raised its holdings in Frontier Communications Parent by 80.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company's stock worth $64,000 after purchasing an additional 811 shares during the period. Finally, 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 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.