Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives $35.31 Consensus Price Target from Brokerages

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have earned an average rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $35.31.

FYBR has been the topic of a number of research analyst reports. Raymond James lowered Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. BNP Paribas upgraded Frontier Communications Parent to a “hold” rating in a report on Monday, October 14th. Citigroup cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Benchmark downgraded Frontier Communications Parent from a “buy” rating to a “hold” rating in a research report on Friday, December 6th.

Frontier Communications Parent Trading Down 0.1 %

NASDAQ FYBR opened at $35.79 on Monday. 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 stock has a market capitalization of $8.91 billion, a P/E ratio of -47.72 and a beta of 1.05. The firm’s 50-day moving average is $35.11 and its two-hundred day moving average is $33.69. Frontier Communications Parent has a 12 month low of $20.51 and a 12 month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, sell-side analysts anticipate that Frontier Communications Parent will post -0.92 earnings per share for the current year.

Insider Activity

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the business’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 sale, the executive vice president now directly owns 121,182 shares in the company, valued at approximately $4,223,192.70. The trade was a 16.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Frontier Communications Parent in the third quarter worth $586,000. Anthracite Investment Company Inc. acquired a new position in Frontier Communications Parent in the third quarter valued at $1,743,000. Charles Schwab Investment Management Inc. grew its position in Frontier Communications Parent by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company’s stock valued at $82,108,000 after acquiring an additional 109,648 shares during the period. FORA Capital LLC acquired a new stake in Frontier Communications Parent during the third quarter worth about $2,299,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Frontier Communications Parent in the 4th quarter worth about $9,948,000.

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.