Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) have been assigned an average rating of "Hold" from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $36.07.
FYBR has been the subject of several research reports. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st.
Check Out Our Latest Analysis on FYBR
Hedge Funds Weigh In On Frontier Communications Parent
A number of large investors have recently made changes to their positions in the stock. Mariner LLC boosted its holdings in shares of Frontier Communications Parent by 0.8% in the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock worth $1,309,000 after acquiring an additional 301 shares during the period. Jag Capital Management LLC boosted its holdings in shares of Frontier Communications Parent by 3.9% in the first quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock worth $298,000 after acquiring an additional 311 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Frontier Communications Parent by 15.4% in the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after acquiring an additional 323 shares during the period. Xponance Inc. boosted its holdings in shares of Frontier Communications Parent by 1.3% in the first quarter. Xponance Inc. now owns 26,712 shares of the company's stock worth $958,000 after acquiring an additional 333 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Frontier Communications Parent by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock worth $1,565,000 after acquiring an additional 344 shares during the period.
Frontier Communications Parent Stock Performance
Shares of FYBR traded down $0.08 on Friday, reaching $36.15. 3,302,673 shares of the company's stock traded hands, compared to its average volume of 2,964,081. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a market cap of $9.05 billion, a PE ratio of -28.02 and a beta of 0.97. The stock's 50 day simple moving average is $36.28 and its two-hundred day simple moving average is $35.72. Frontier Communications Parent has a 52-week low of $24.43 and a 52-week high of $39.21.
Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. Frontier Communications Parent's revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal year.
About Frontier Communications Parent
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Get Free ReportFrontier 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.
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