Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Consensus Rating of “Hold” from Analysts

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have earned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.31.

FYBR has been the topic of a number of research analyst reports. Raymond James downgraded Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. New Street Research downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Benchmark reissued a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tiptree Advisors LLC acquired a new position in Frontier Communications Parent during the 4th quarter worth about $2,776,000. Neo Ivy Capital Management lifted its holdings in Frontier Communications Parent by 88.4% during the 4th quarter. Neo Ivy Capital Management now owns 12,693 shares of the company’s stock worth $440,000 after buying an additional 5,957 shares during the period. CSS LLC IL acquired a new position in Frontier Communications Parent during the 4th quarter worth about $392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Frontier Communications Parent by 8.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 615,088 shares of the company’s stock worth $21,344,000 after buying an additional 49,778 shares during the period. Finally, Woodline Partners LP acquired a new position in Frontier Communications Parent during the 4th quarter worth about $31,230,000.

Frontier Communications Parent Trading Down 0.5 %

Shares of FYBR stock opened at $35.76 on Friday. The stock’s fifty day moving average price is $35.47 and its two-hundred day moving average price is $34.54. The company has a market cap of $8.93 billion, a PE ratio of -27.72 and a beta of 1.05. Frontier Communications Parent has a fifty-two week low of $21.31 and a fifty-two week high of $39.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77.

Frontier Communications Parent (NASDAQ:FYBR) last issued its earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28). The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Equities analysts predict that Frontier Communications Parent will post -1.11 EPS 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.