Frontier Communications Parent (NASDAQ:FYBR – Free Report) had its target price increased by JPMorgan Chase & Co. from $33.00 to $35.00 in a report published on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
A number of other equities analysts also recently issued reports on the company. Citigroup raised their price objective on Frontier Communications Parent from $30.00 to $32.00 and gave the stock a buy rating in a research report on Tuesday, May 7th. The Goldman Sachs Group raised their price objective on Frontier Communications Parent from $29.00 to $32.00 and gave the company a buy rating in a research note on Monday. Bank of America began coverage on Frontier Communications Parent in a research note on Tuesday, April 9th. They issued a buy rating and a $30.00 price objective for the company. UBS Group began coverage on Frontier Communications Parent in a research note on Thursday, July 18th. They issued a buy rating and a $33.00 price objective for the company. Finally, TD Cowen reduced their price objective on Frontier Communications Parent from $41.00 to $39.00 and set a buy rating for the company in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $31.50.
Check Out Our Latest Stock Report on FYBR
Frontier Communications Parent Trading Up 6.3 %
Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). Frontier Communications Parent had a net margin of 0.47% and a return on equity of 0.52%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Frontier Communications Parent will post -0.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Frontier Communications Parent
Institutional investors and hedge funds have recently made changes to their positions in the business. Hexagon Capital Partners LLC increased its position in shares of Frontier Communications Parent by 120.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares during the period. GAMMA Investing LLC bought a new stake in Frontier Communications Parent during the fourth quarter worth about $31,000. International Assets Investment Management LLC bought a new stake in Frontier Communications Parent during the second quarter worth about $37,000. Neo Ivy Capital Management bought a new stake in Frontier Communications Parent during the fourth quarter worth about $49,000. Finally, Game Plan Financial Advisors LLC boosted its stake in Frontier Communications Parent by 320.0% during the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $51,000 after acquiring an additional 1,600 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.
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