Frontier Communications Parent, Inc. (NASDAQ:FYBR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $35.38.

FYBR has been the subject of several recent analyst reports. Wolfe Research lowered Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. Moffett Nathanson downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $38.50 target price (up previously from $31.00) on shares of Frontier Communications Parent in a research note on Friday, September 6th. The Goldman Sachs Group boosted their target price on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, UBS Group downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 6th.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $35.36 on Tuesday. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $8.79 billion, a PE ratio of 321.45 and a beta of 1.10. Frontier Communications Parent has a 1-year low of $14.22 and a 1-year high of $39.21. The business has a 50 day simple moving average of $31.71 and a two-hundred day simple moving average of $27.47.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm earned ($0.01) EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, research analysts predict that Frontier Communications Parent will post -0.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontier Communications Parent

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Frontier Communications Parent in the 2nd quarter worth approximately $37,000. Neo Ivy Capital Management purchased a new position in Frontier Communications Parent in the fourth quarter worth $49,000. Game Plan Financial Advisors LLC increased its position in shares of Frontier Communications Parent by 320.0% during the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $51,000 after purchasing an additional 1,600 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Frontier Communications Parent by 224,400.0% during the 2nd quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock valued at $55,000 after purchasing an additional 2,244 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Frontier Communications Parent by 100.9% in the 1st quarter. GAMMA Investing LLC now owns 2,523 shares of the company’s stock worth $62,000 after purchasing an additional 1,267 shares in the last quarter.

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.