Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $29.43.

A number of brokerages recently issued reports on FYBR. Bank of America began coverage on Frontier Communications Parent in a report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price target for the company. Citigroup raised their price target on Frontier Communications Parent from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, TD Cowen dropped their target price on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, May 6th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SummerHaven Investment Management LLC increased its position in shares of Frontier Communications Parent by 1.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 43,797 shares of the company’s stock worth $1,110,000 after purchasing an additional 441 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings 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 worth $25,000 after buying an additional 532 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in Frontier Communications Parent by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 107,519 shares of the company’s stock worth $1,683,000 after acquiring an additional 550 shares during the last quarter. Xponance Inc. lifted its position in Frontier Communications Parent by 2.0% during the 4th quarter. Xponance Inc. now owns 28,019 shares of the company’s stock worth $710,000 after acquiring an additional 559 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Frontier Communications Parent by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,113 shares of the company’s stock valued at $180,000 after buying an additional 732 shares during the last quarter.

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $26.18 on Friday. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 238.00 and a beta of 1.10. Frontier Communications Parent has a 1 year low of $11.65 and a 1 year high of $27.41. The business has a 50 day simple moving average of $25.35 and a 200-day simple moving average of $24.30. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07.

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.