Frontier Communications Parent, Inc. (NASDAQ:FYBR) Given Average Recommendation of "Hold" by Brokerages

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has been given an average rating of "Hold" by the twelve research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $36.07.

Frontier Communications Parent Trading Down 0.0%

NASDAQ:FYBR traded down $0.01 during trading hours on Thursday, hitting $36.50. The stock had a trading volume of 768,361 shares, compared to its average volume of 3,022,779. The business's 50 day moving average is $36.41 and its 200-day moving average is $35.92. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $9.13 billion, a price-to-earnings ratio of -23.55 and a beta of 0.95. Frontier Communications Parent has a one year low of $24.43 and a one year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.51 billion. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The company's quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Frontier Communications Parent will post -1.11 EPS for the current fiscal year.

Institutional Trading of Frontier Communications Parent

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its stake in Frontier Communications Parent by 957.5% in the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company's stock valued at $28,000 after buying an additional 699 shares in the last quarter. Brooklyn Investment Group lifted its position in Frontier Communications Parent by 46.1% in the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock valued at $41,000 after acquiring an additional 359 shares in the last quarter. Parallel Advisors LLC lifted its position in Frontier Communications Parent by 360.7% in the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after acquiring an additional 1,533 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new stake in Frontier Communications Parent in the 1st quarter valued at $74,000. Finally, Lazard Asset Management LLC acquired a new position in Frontier Communications Parent in the 4th quarter worth $76,000.

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.