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

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have received a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $36.07.

Several analysts have weighed in on the stock. Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. New Street Research lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Benchmark reiterated a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th.

Frontier Communications Parent Stock Performance

Shares of FYBR stock opened at $36.11 on Friday. 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 market capitalization of $9.04 billion, a price-to-earnings ratio of -27.99 and a beta of 1.01. Frontier Communications Parent has a one year low of $21.31 and a one year high of $39.21. The company’s 50-day simple moving average is $35.84 and its 200-day simple moving average is $35.43.

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

Insider Buying and Selling at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the completion of the transaction, the executive vice president now directly owns 76,523 shares of the company’s stock, valued at $2,755,593.23. This represents a 31.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at about $191,247,000. Tudor Investment Corp ET AL acquired a new position in Frontier Communications Parent during the 4th quarter valued at about $114,555,000. Adage Capital Partners GP L.L.C. increased its stake in Frontier Communications Parent by 472.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company’s stock valued at $109,295,000 after buying an additional 2,599,714 shares during the period. Sona Asset Management US LLC bought a new stake in shares of Frontier Communications Parent during the 4th quarter worth about $51,179,000. Finally, FIL Ltd acquired a new stake in shares of Frontier Communications Parent in the 4th quarter worth approximately $49,228,000.

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.