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

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have received an average recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $35.31.

A number of equities analysts have commented on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $38.50 price objective (up previously from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. BNP Paribas upgraded shares of Frontier Communications Parent to a “hold” rating in a research report on Monday, October 14th. Wolfe Research cut Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. UBS Group cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. Finally, Raymond James lowered Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 28th.

Insider Buying and Selling at Frontier Communications Parent

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 of the company’s stock, valued at $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 is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its holdings in Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock valued at $1,588,000 after buying an additional 372 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Frontier Communications Parent by 18.9% during the third quarter. GAMMA Investing LLC now owns 2,799 shares of the company’s stock valued at $99,000 after acquiring an additional 444 shares during the last quarter. Jag Capital Management LLC increased its position in Frontier Communications Parent by 5.2% during the 3rd quarter. Jag Capital Management LLC now owns 9,010 shares of the company’s stock worth $320,000 after purchasing an additional 445 shares in the last quarter. Game Plan Financial Advisors LLC raised its stake in Frontier Communications Parent by 23.8% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company’s stock valued at $68,000 after purchasing an additional 500 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Frontier Communications Parent by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 9,540 shares of the company’s stock valued at $339,000 after purchasing an additional 581 shares in the last quarter.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $34.65 on Friday. The business’s 50-day moving average price is $35.11 and its 200 day moving average price is $31.23. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The firm has a market cap of $8.63 billion, a P/E ratio of -46.20 and a beta of 1.05. Frontier Communications Parent has a 52-week low of $20.51 and a 52-week high of $39.21.

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