Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Consensus Recommendation of “Hold” from Analysts

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.31.

FYBR has been the subject of several research analyst reports. Benchmark lowered shares of Frontier Communications Parent from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. TD Cowen downgraded shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. Moffett Nathanson cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $38.50 price objective (up from $31.00) on shares of Frontier Communications Parent in a research note on Friday, September 6th. Finally, BNP Paribas raised Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th.

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total value of $818,661.35. Following the sale, the executive vice president now directly owns 121,182 shares in the company, valued at $4,223,192.70. This trade represents a 16.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in Frontier Communications Parent in the second quarter valued at approximately $37,000. Capital Performance Advisors LLP purchased a new position in shares of Frontier Communications Parent in the 3rd quarter valued at $50,000. Meeder Asset Management Inc. purchased a new position in shares of Frontier Communications Parent in the 3rd quarter valued at $52,000. Blue Trust Inc. raised 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 worth $55,000 after acquiring an additional 2,244 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Frontier Communications Parent by 80.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $64,000 after purchasing an additional 811 shares during the last quarter.

Frontier Communications Parent Trading Down 0.0 %

FYBR opened at $34.65 on Friday. The stock has a market capitalization of $8.63 billion, a PE ratio of -46.20 and a beta of 1.05. Frontier Communications Parent has a one year low of $20.51 and a one year high of $39.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50 day moving average price is $35.11 and its 200 day moving average price is $31.23.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. As a group, equities research analysts expect that Frontier Communications Parent will post -0.83 EPS for the current year.

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.