Frontier Communications Parent, Inc. (NASDAQ:FYBR – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $34.94.
Several equities research analysts have commented on the stock. Moffett Nathanson lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 5th. The Goldman Sachs Group lifted their target price on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on shares of Frontier Communications Parent from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Citigroup raised their target price on Frontier Communications Parent from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 8th.
Read Our Latest Stock Report on Frontier Communications Parent
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Frontier Communications Parent Stock Performance
Shares of FYBR opened at $35.57 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.19. The firm has a market cap of $8.84 billion, a PE ratio of 323.36 and a beta of 1.08. Frontier Communications Parent has a 12 month low of $13.66 and a 12 month high of $39.21. The stock has a fifty day moving average price of $28.55 and a 200-day moving average price of $26.04.
Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. The company’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 company posted ($0.01) EPS. Equities research analysts predict that Frontier Communications Parent will post -0.79 earnings per share for the current fiscal year.
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.
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