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

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has been given a consensus rating of “Hold” by the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $35.31.

Several analysts recently issued reports on the stock. Wolfe Research cut shares of Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 30th. Moffett Nathanson lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group lifted their price objective on Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. TD Cowen cut Frontier Communications Parent from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. Finally, Raymond James cut shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th.

Insider Buying and Selling at Frontier Communications Parent

In related news, EVP John Harrobin sold 23,491 shares of Frontier Communications Parent stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares in the company, valued at approximately $4,223,192.70. This trade represents a 16.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Frontier Communications Parent in the third quarter valued at approximately $586,000. Anthracite Investment Company Inc. acquired a new position in shares of Frontier Communications Parent in the third quarter worth $1,743,000. Redwood Investment Management LLC purchased a new stake in shares of Frontier Communications Parent during the first quarter worth $641,000. Luxor Capital Group LP raised its stake in shares of Frontier Communications Parent by 1.6% in the second quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock valued at $73,208,000 after acquiring an additional 43,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Frontier Communications Parent by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock valued at $211,758,000 after purchasing an additional 1,587,145 shares during the period.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $34.84 on Wednesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $35.35 and its 200-day simple moving average is $30.44. The company has a market cap of $8.68 billion, a PE ratio of -46.45 and a beta of 1.10. Frontier Communications Parent has a 1-year low of $20.42 and a 1-year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Frontier Communications Parent will post -0.83 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.