6,244 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) in the third quarter, HoldingsChannel.com reports. The fund acquired 6,244 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors have also bought and sold shares of the company. TriaGen Wealth Management LLC acquired a new stake in shares of Frontier Communications Parent in the 3rd quarter worth $375,000. Friedenthal Financial purchased a new position in Frontier Communications Parent during the third quarter worth about $756,000. Blue Trust Inc. raised its stake in Frontier Communications Parent by 91.6% during the third quarter. Blue Trust Inc. now owns 4,302 shares of the company’s stock worth $153,000 after purchasing an additional 2,057 shares during the period. Creative Planning boosted its holdings in Frontier Communications Parent by 21.5% in the 3rd quarter. Creative Planning now owns 14,383 shares of the company’s stock valued at $511,000 after purchasing an additional 2,541 shares during the last quarter. Finally, Affinity Wealth Management LLC purchased a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at approximately $4,060,000.

Analyst Upgrades and Downgrades

FYBR has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of Frontier Communications Parent from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $35.00 to $38.50 in a research report on Tuesday, September 17th. Raymond James downgraded Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. Citigroup cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. UBS Group lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. Finally, BNP Paribas raised shares of Frontier Communications Parent to a “hold” rating in a research report on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.31.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock opened at $34.15 on Wednesday. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of -45.53 and a beta of 1.10. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.87. The business has a 50-day moving average of $35.45 and a 200 day moving average of $29.73. Frontier Communications Parent, Inc. has a 12 month low of $18.92 and a 12 month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.11). Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Frontier Communications Parent, Inc. will post -0.92 earnings per share for the current year.

Frontier Communications Parent 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.