Frontier Communications Parent, Inc. (NASDAQ:FYBR) Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,225 shares of the company's stock after purchasing an additional 7,312 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Frontier Communications Parent were worth $1,673,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in Frontier Communications Parent by 68.0% in the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after purchasing an additional 425 shares during the period. Meeder Asset Management Inc. purchased a new stake in Frontier Communications Parent in the third quarter valued at approximately $52,000. Quarry LP purchased a new stake in Frontier Communications Parent in the third quarter valued at approximately $91,000. Blue Trust Inc. grew its holdings in Frontier Communications Parent by 36.8% in the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock valued at $209,000 after purchasing an additional 1,581 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new stake in Frontier Communications Parent in the fourth quarter valued at approximately $228,000.

Frontier Communications Parent Stock Down 0.4 %

FYBR traded down $0.16 during trading on Friday, hitting $35.79. The company had a trading volume of 8,579,874 shares, compared to its average volume of 2,500,661. The company has a market cap of $8.94 billion, a PE ratio of -27.74 and a beta of 1.04. The business has a 50-day moving average of $35.77 and a 200-day moving average of $35.31. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. Frontier Communications Parent, Inc. has a 1-year low of $21.31 and a 1-year high of $39.21.

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Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. As a group, analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Insider Buying and Selling at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction 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 $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Raymond James cut shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. Finally, New Street Research cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $35.31.

Frontier Communications Parent 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.