Benchmark Raises Frontier Communications Parent (NASDAQ:FYBR) Price Target to $37.00

Frontier Communications Parent (NASDAQ:FYBR) had its price target raised by Benchmark from $35.00 to $37.00 in a report released on Tuesday, Benzinga reports. Benchmark currently has a buy rating on the stock.

FYBR has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective on Frontier Communications Parent from $33.00 to $35.00 and gave the company an overweight rating in a report on Monday, August 5th. TD Cowen decreased their price target on Frontier Communications Parent from $41.00 to $39.00 and set a buy rating on the stock in a research note on Monday, May 6th. The Goldman Sachs Group increased their price objective on Frontier Communications Parent from $29.00 to $32.00 and gave the stock a buy rating in a research note on Monday, August 5th. UBS Group initiated coverage on shares of Frontier Communications Parent in a research note on Thursday, July 18th. They issued a buy rating and a $33.00 target price on the stock. Finally, Citigroup upped their target price on shares of Frontier Communications Parent from $32.00 to $35.00 and gave the stock a buy rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $32.13.

Frontier Communications Parent Stock Up 0.2 %

Shares of FYBR stock opened at $28.51 on Tuesday. Frontier Communications Parent has a one year low of $13.66 and a one year high of $29.83. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average price of $27.33 and a 200 day moving average price of $25.37. The stock has a market cap of $7.09 billion, a P/E ratio of 259.18 and a beta of 1.08.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a return on equity of 0.52% and a net margin of 0.47%. Frontier Communications Parent’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. Analysts predict that Frontier Communications Parent will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC increased its position in Frontier Communications Parent by 120.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Frontier Communications Parent in the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new position in Frontier Communications Parent in the 2nd quarter worth approximately $37,000. Neo Ivy Capital Management acquired a new position in Frontier Communications Parent during the 4th quarter worth $49,000. Finally, Cape Investment Advisory Inc. bought a new position in Frontier Communications Parent in the 4th quarter valued at $52,000.

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.