Frontier Communications Parent (NASDAQ:FYBR) Price Target Raised to $35.00

Frontier Communications Parent (NASDAQ:FYBRGet Free Report) had its target price upped by analysts at Citigroup from $32.00 to $35.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 25.18% from the company’s current price.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Frontier Communications Parent from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group began coverage on shares of Frontier Communications Parent in a report on Thursday, July 18th. They issued a “buy” rating and a $33.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Monday. Finally, TD Cowen reduced their target price on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, May 6th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.88.

Check Out Our Latest Stock Analysis on Frontier Communications Parent

Frontier Communications Parent Stock Performance

NASDAQ FYBR traded up $0.53 on Thursday, reaching $27.96. 1,539,977 shares of the stock were exchanged, compared to its average volume of 1,566,554. Frontier Communications Parent has a one year low of $13.66 and a one year high of $29.47. The firm has a market capitalization of $6.95 billion, a PE ratio of 252.82 and a beta of 1.08. The company’s 50-day simple moving average is $26.47 and its two-hundred day simple moving average is $24.91. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.14.

Frontier Communications Parent (NASDAQ:FYBRGet Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.38). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Frontier Communications Parent had a return on equity of 0.52% and a net margin of 0.47%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. Analysts expect that Frontier Communications Parent will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontier Communications Parent

Several hedge funds have recently added to or reduced their stakes in FYBR. Hexagon Capital Partners LLC grew its holdings in Frontier Communications Parent by 120.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 532 shares during the last quarter. GAMMA Investing LLC bought a new position in Frontier Communications Parent in the 4th quarter worth about $31,000. International Assets Investment Management LLC bought a new position in Frontier Communications Parent in the 2nd quarter worth about $37,000. Neo Ivy Capital Management bought a new position in Frontier Communications Parent in the 4th quarter worth about $49,000. Finally, Game Plan Financial Advisors LLC grew its stake in Frontier Communications Parent by 320.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $51,000 after acquiring an additional 1,600 shares in the last quarter.

About Frontier Communications Parent

(Get Free Report)

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.

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Analyst Recommendations for Frontier Communications Parent (NASDAQ:FYBR)

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