Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives $35.31 Consensus PT from Analysts

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have earned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $35.31.

Several brokerages recently issued reports on FYBR. Citigroup lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Raymond James lowered Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 28th. Wells Fargo & Company reissued an “equal weight” rating and set a $38.50 target price (up from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. BNP Paribas raised shares of Frontier Communications Parent to a “hold” rating in a report on Monday, October 14th. Finally, Wolfe Research lowered Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 30th.

Insider Transactions at Frontier Communications Parent

In other news, EVP John Harrobin sold 23,491 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,223,192.70. This represents a 16.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of Frontier Communications Parent in the second quarter valued at about $37,000. Capital Performance Advisors LLP acquired a new stake in Frontier Communications Parent during the third quarter worth approximately $50,000. Meeder Asset Management Inc. bought a new stake in shares of Frontier Communications Parent during the third quarter worth approximately $52,000. Blue Trust Inc. grew its position in shares of Frontier Communications Parent by 224,400.0% in the second quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock valued at $55,000 after purchasing an additional 2,244 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Frontier Communications Parent by 80.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $64,000 after buying an additional 811 shares in the last quarter.

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR opened at $34.75 on Friday. The company has a market cap of $8.65 billion, a PE ratio of -46.33 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent has a 12-month low of $20.51 and a 12-month high of $39.21. The stock has a 50 day simple moving average of $35.06 and a 200-day simple moving average of $31.43.

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

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.