Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives $35.31 Average Target Price from Analysts

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.31.

Several equities research analysts recently commented on FYBR shares. Benchmark lowered shares of Frontier Communications Parent from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Raymond James downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 28th. BNP Paribas raised shares of Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. Wolfe Research lowered Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 30th. Finally, Citigroup cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th.

Insider Buying and Selling at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of Frontier Communications Parent stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares in the company, valued at $4,223,192.70. The trade was a 16.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FYBR. Franklin Resources Inc. grew its holdings in Frontier Communications Parent by 0.8% in the third quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock valued at $1,588,000 after purchasing an additional 372 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at $240,000. M&T Bank Corp grew its stake in shares of Frontier Communications Parent by 4.2% during the 3rd quarter. M&T Bank Corp now owns 18,703 shares of the company’s stock valued at $664,000 after buying an additional 750 shares during the period. Barclays PLC increased its holdings in shares of Frontier Communications Parent by 39.7% during the 3rd quarter. Barclays PLC now owns 99,969 shares of the company’s stock worth $3,553,000 after buying an additional 28,417 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Frontier Communications Parent in the 3rd quarter worth $618,000.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR opened at $34.83 on Friday. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of -46.44 and a beta of 1.05. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The business’s 50 day simple moving average is $35.09 and its 200-day simple moving average is $31.39. Frontier Communications Parent has a 12 month low of $20.51 and a 12 month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. As a group, equities analysts forecast that Frontier Communications Parent will post -0.83 earnings per share 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.