Frontier Communications Parent Sees Unusually Large Options Volume (NASDAQ:FYBR)

Frontier Communications Parent, Inc. (NASDAQ:FYBR) was the target of some unusual options trading on Tuesday. Traders acquired 15,942 put options on the stock. This is an increase of 489% compared to the average daily volume of 2,707 put options.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America initiated coverage on Frontier Communications Parent in a research note on Tuesday, April 9th. They set a “buy” rating and a $30.00 price target on the stock. Citigroup upgraded shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and raised their target price for the stock from $28.00 to $30.00 in a research report on Monday. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

Frontier Communications Parent Trading Down 3.9 %

Shares of FYBR stock opened at $22.75 on Thursday. Frontier Communications Parent has a twelve month low of $11.65 and a twelve month high of $25.89. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.13. The business’s 50 day moving average is $23.46 and its two-hundred day moving average is $22.11. The company has a market capitalization of $5.65 billion, a P/E ratio of 189.58 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. Frontier Communications Parent had a net margin of 0.50% and a return on equity of 0.56%. Frontier Communications Parent’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.63 EPS. Equities analysts forecast that Frontier Communications Parent will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its holdings in Frontier Communications Parent by 120.1% in 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 in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Frontier Communications Parent in the fourth quarter valued at approximately $31,000. Geneos Wealth Management Inc. acquired a new position in Frontier Communications Parent during the first quarter worth $35,000. Captrust Financial Advisors grew its holdings in Frontier Communications Parent by 2,698.5% during the second quarter. Captrust Financial Advisors now owns 1,875 shares of the company’s stock worth $44,000 after acquiring an additional 1,808 shares during the period. Finally, Quarry LP purchased a new position in Frontier Communications Parent in the first quarter worth $44,000.

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.