Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,693 shares of the company’s stock after acquiring an additional 1,370 shares during the quarter. State of Alaska Department of Revenue’s holdings in Frontier Communications Parent were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in Frontier Communications Parent during the second quarter valued at about $37,000. Blue Trust Inc. lifted its stake in Frontier Communications Parent by 224,400.0% during the second quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock valued at $55,000 after buying an additional 2,244 shares in the last quarter. Game Plan Financial Advisors LLC lifted its stake in Frontier Communications Parent by 23.8% during the second 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 in the last quarter. GAMMA Investing LLC lifted its stake in 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 buying an additional 444 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Frontier Communications Parent by 140.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,208 shares of the company’s stock valued at $103,000 after purchasing an additional 2,461 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Raymond James downgraded Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 28th. Benchmark reiterated a “buy” rating and issued a $37.00 target price on shares of Frontier Communications Parent in a report on Thursday, September 5th. Moffett Nathanson downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 5th. UBS Group downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. downgraded Frontier Communications Parent from an “overweight” rating to a “neutral” rating and upped their target price for the company from $35.00 to $38.50 in a report on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.31.

Frontier Communications Parent Trading Down 1.3 %

NASDAQ:FYBR opened at $34.95 on Wednesday. The stock’s 50 day moving average price is $34.85 and its 200 day moving average price is $29.29. Frontier Communications Parent, Inc. has a 52 week low of $18.43 and a 52 week high of $39.21. The company has a market capitalization of $8.70 billion, a P/E ratio of -94.46 and a beta of 1.10. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.87.

Frontier Communications Parent 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.