Analysts Set Frontier Communications Parent, Inc. (NASDAQ:FYBR) PT at $36.07

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has received an average rating of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $36.07.

Several brokerages have recently issued reports on FYBR. New Street Research lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Benchmark reissued a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in Frontier Communications Parent during the 1st quarter valued at approximately $1,214,000. Geneos Wealth Management Inc. increased its position in Frontier Communications Parent by 957.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after buying an additional 699 shares in the last quarter. Bayforest Capital Ltd increased its position in Frontier Communications Parent by 208.8% during the 1st quarter. Bayforest Capital Ltd now owns 8,421 shares of the company’s stock valued at $302,000 after buying an additional 5,694 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in Frontier Communications Parent by 50.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 13,500 shares of the company’s stock valued at $484,000 after buying an additional 4,500 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Frontier Communications Parent by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 664,891 shares of the company’s stock valued at $23,843,000 after buying an additional 49,803 shares in the last quarter.

Frontier Communications Parent Trading Up 0.2%

NASDAQ FYBR opened at $36.23 on Friday. Frontier Communications Parent has a fifty-two week low of $24.43 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. The stock has a 50 day simple moving average of $36.30 and a two-hundred day simple moving average of $35.73. The stock has a market cap of $9.07 billion, a P/E ratio of -28.09 and a beta of 0.97.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.07. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts forecast that Frontier Communications Parent will post -1.11 earnings per share for the current 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.