Frontier Communications Parent, Inc. (NASDAQ:FYBR) Given Average Recommendation of “Hold” by Brokerages

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $36.07.

A number of brokerages recently issued reports on FYBR. Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. New Street Research downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Raymond James downgraded Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th.

Insider Buying and Selling at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the business’s 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 sale, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. The trade was a 31.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Frontier Communications Parent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FYBR. UMB Bank n.a. raised its stake in shares of Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock worth $36,000 after purchasing an additional 425 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Frontier Communications Parent by 46.1% during the first quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock worth $41,000 after purchasing an additional 359 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Frontier Communications Parent by 360.7% during the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company’s stock worth $70,000 after purchasing an additional 1,533 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Frontier Communications Parent during the first quarter worth approximately $74,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Frontier Communications Parent during the fourth quarter worth approximately $76,000.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock opened at $36.59 on Wednesday. Frontier Communications Parent has a one year low of $24.43 and a one year high of $39.21. The company has a market cap of $9.16 billion, a PE ratio of -28.36 and a beta of 1.01. 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 business has a 50-day simple moving average of $36.02 and a 200-day simple moving average of $35.52.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.07. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. Frontier Communications Parent’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast 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.