Frontier Communications Parent (NASDAQ:FYBR) Lowered to Underperform Rating by Raymond James

Raymond James lowered shares of Frontier Communications Parent (NASDAQ:FYBR) from a market perform rating to an underperform rating in a research note released on Thursday, Marketbeat Ratings reports.

FYBR has been the subject of several other reports. Citigroup downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Benchmark cut Frontier Communications Parent from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, BNP Paribas raised Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.31.

Frontier Communications Parent Stock Performance

Shares of FYBR stock opened at $35.80 on Thursday. The company has a market capitalization of $8.91 billion, a P/E ratio of -47.73 and a beta of 1.05. Frontier Communications Parent has a fifty-two week low of $20.51 and a fifty-two week 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 stock has a 50 day moving average price of $35.13 and a two-hundred day moving average price of $33.70.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Analysts expect that Frontier Communications Parent will post -0.92 earnings per share for the current year.

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the sale, the executive vice president now owns 121,182 shares in the company, valued at approximately $4,223,192.70. This represents a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Frontier Communications Parent

Large investors have recently made changes to their positions in the business. UMB Bank n.a. grew its stake in shares of Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock worth $36,000 after buying an additional 425 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Frontier Communications Parent in the third quarter worth $50,000. Meeder Asset Management Inc. purchased a new stake in shares of Frontier Communications Parent in the third quarter worth $52,000. Farther Finance Advisors LLC increased its holdings in shares of Frontier Communications Parent by 80.8% during the third quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $64,000 after acquiring an additional 811 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Frontier Communications Parent in the 3rd quarter worth about $91,000.

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.