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

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $35.31.

Several research analysts have recently issued reports on the stock. TD Cowen cut shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. Benchmark downgraded shares of Frontier Communications Parent from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company reiterated an “equal weight” rating and set a $38.50 target price (up previously from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. UBS Group cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Raymond James cut Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 28th.

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 on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total transaction of $818,661.35. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FYBR. Franklin Resources Inc. lifted its position in Frontier Communications Parent by 0.8% in the third quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock valued at $1,588,000 after purchasing an additional 372 shares during the period. GAMMA Investing LLC raised its stake in shares of Frontier Communications Parent by 18.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,799 shares of the company’s stock worth $99,000 after buying an additional 444 shares in the last quarter. Jag Capital Management LLC raised its stake in shares of 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 buying an additional 445 shares in the last quarter. Game Plan Financial Advisors LLC lifted its holdings in shares of 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 buying an additional 500 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Frontier Communications Parent by 6.5% in the third quarter. Captrust Financial Advisors now owns 9,540 shares of the company’s stock valued at $339,000 after buying an additional 581 shares in the last quarter.

Frontier Communications Parent Stock Down 0.3 %

Shares of NASDAQ FYBR opened at $34.65 on Friday. Frontier Communications Parent has a 1 year low of $20.51 and a 1 year high of $39.21. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of -46.20 and a beta of 1.05. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50-day moving average of $35.05 and a two-hundred day moving average of $31.49.

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