Frontier Communications Parent’s (FYBR) “Hold” Rating Reiterated at Benchmark

Benchmark restated their hold rating on shares of Frontier Communications Parent (NASDAQ:FYBR) in a research note released on Tuesday morning,Benzinga reports.

Separately, Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR opened at $35.76 on Tuesday. The business’s 50-day simple moving average is $35.47 and its 200-day simple moving average is $34.54. Frontier Communications Parent has a 52 week low of $21.31 and a 52 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 firm has a market cap of $8.93 billion, a price-to-earnings ratio of -27.72 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28). The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate 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, equities research analysts expect that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Frontier Communications Parent

A number of hedge funds and other institutional investors have recently made changes to their positions in FYBR. Tiptree Advisors LLC bought a new stake in shares of Frontier Communications Parent in the 4th quarter valued at approximately $2,776,000. Neo Ivy Capital Management raised its stake in Frontier Communications Parent by 88.4% during the fourth quarter. Neo Ivy Capital Management now owns 12,693 shares of the company’s stock worth $440,000 after acquiring an additional 5,957 shares in the last quarter. CSS LLC IL bought a new position in shares of Frontier Communications Parent during the fourth quarter valued at $392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Frontier Communications Parent by 8.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 615,088 shares of the company’s stock valued at $21,344,000 after purchasing an additional 49,778 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Frontier Communications Parent in the 4th quarter worth about $31,230,000.

About Frontier Communications Parent

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.