Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Average Recommendation of “Hold” from Analysts

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $35.31.

Several brokerages have commented on FYBR. Raymond James cut shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. New Street Research cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th.

Frontier Communications Parent Price Performance

Shares of Frontier Communications Parent stock opened at $35.89 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent has a 52 week low of $21.31 and a 52 week high of $39.21. The stock’s 50-day simple moving average is $35.82 and its 200-day simple moving average is $35.40. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of -27.82 and a beta of 1.04.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. As a group, analysts expect that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the firm’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 transaction of $1,296,360.00. Following the completion of the sale, the executive vice president now directly owns 76,523 shares of the company’s stock, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Frontier Communications Parent

A number of hedge funds and other institutional investors have recently bought and sold shares of FYBR. Wellington Management Group LLP bought a new position in shares of Frontier Communications Parent in the fourth quarter worth about $5,198,000. California State Teachers Retirement System grew its stake in Frontier Communications Parent by 3.6% in the 4th quarter. California State Teachers Retirement System now owns 189,823 shares of the company’s stock worth $6,587,000 after acquiring an additional 6,639 shares in the last quarter. CIBRA Capital Ltd purchased a new position in shares of Frontier Communications Parent during the fourth quarter worth approximately $12,021,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Frontier Communications Parent by 20.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,547 shares of the company’s stock valued at $262,000 after acquiring an additional 1,303 shares in the last quarter. Finally, Tiptree Advisors LLC bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $2,776,000.

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.