NBC Securities Inc. Raises Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

NBC Securities Inc. raised its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 26,121.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,581 shares of the company’s stock after buying an additional 87,247 shares during the period. NBC Securities Inc.’s holdings in Frontier Communications Parent were worth $2,145,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FYBR. Hexagon Capital Partners LLC lifted its position in shares of Frontier Communications Parent by 120.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Frontier Communications Parent during the 4th quarter worth $31,000. Neo Ivy Capital Management purchased a new stake in shares of Frontier Communications Parent during the 4th quarter worth $49,000. Cape Investment Advisory Inc. purchased a new stake in shares of Frontier Communications Parent during the 4th quarter worth $52,000. Finally, Covestor Ltd lifted its position in shares of Frontier Communications Parent by 101.6% during the 3rd quarter. Covestor Ltd now owns 7,811 shares of the company’s stock worth $122,000 after purchasing an additional 3,937 shares during the last quarter.

Frontier Communications Parent Price Performance

Shares of FYBR opened at $25.13 on Thursday. Frontier Communications Parent, Inc. has a 1-year low of $11.65 and a 1-year high of $27.41. The stock has a market cap of $6.25 billion, a PE ratio of 228.45 and a beta of 1.10. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a fifty day moving average price of $25.01 and a 200 day moving average price of $24.16.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Frontier Communications Parent in a research report on Tuesday, April 9th. They set a “buy” rating and a $30.00 price objective for the company. Citigroup boosted their price target on shares of Frontier Communications Parent from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, TD Cowen reduced their price target on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.13.

About Frontier Communications Parent

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.