Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Consensus Rating of “Hold” from Brokerages

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has earned an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $35.31.

FYBR has been the topic of a number of analyst reports. Raymond James cut shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 28th. Benchmark cut shares of Frontier Communications Parent from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Citigroup cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. BNP Paribas raised Frontier Communications Parent to a “hold” rating in a research report on Monday, October 14th. Finally, TD Cowen downgraded shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $38.50 in a report on Tuesday, October 8th.

Insider Transactions at Frontier Communications Parent

In other news, EVP John Harrobin sold 23,491 shares of the company’s stock in a transaction 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 directly owns 121,182 shares in the company, valued at $4,223,192.70. This represents a 16.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Frontier Communications Parent

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in Frontier Communications Parent by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock worth $1,588,000 after buying an additional 372 shares in the last quarter. GAMMA Investing LLC increased its stake in Frontier Communications Parent by 18.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,799 shares of the company’s stock worth $99,000 after buying an additional 444 shares in the last quarter. Jag Capital Management LLC increased its stake in Frontier Communications Parent by 5.2% in the 3rd quarter. Jag Capital Management LLC now owns 9,010 shares of the company’s stock worth $320,000 after buying an additional 445 shares in the last quarter. Captrust Financial Advisors increased its stake in Frontier Communications Parent by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 9,540 shares of the company’s stock worth $339,000 after buying an additional 581 shares in the last quarter. Finally, US Bancorp DE increased its stake in Frontier Communications Parent by 8.4% in the 3rd quarter. US Bancorp DE now owns 7,750 shares of the company’s stock worth $275,000 after buying an additional 598 shares in the last quarter.

Frontier Communications Parent Trading Down 0.1 %

Shares of NASDAQ FYBR opened at $35.51 on Thursday. The stock has a market cap of $8.84 billion, a P/E ratio of -47.35 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. Frontier Communications Parent has a 1 year low of $20.51 and a 1 year high of $39.21. The firm has a 50-day moving average of $34.79 and a 200 day moving average of $32.71.

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