Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Consensus Rating of "Hold" from Analysts

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) have received an average recommendation of "Hold" from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $36.07.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 699 shares during the period. Brooklyn Investment Group lifted its holdings in Frontier Communications Parent by 46.1% during the first quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock valued at $41,000 after purchasing an additional 359 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Frontier Communications Parent by 360.7% in the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after purchasing an additional 1,533 shares during the period. Longfellow Investment Management Co. LLC purchased a new stake in shares of Frontier Communications Parent during the first quarter worth about $74,000. Finally, Lazard Asset Management LLC purchased a new position in Frontier Communications Parent in the 4th quarter valued at about $76,000.

Frontier Communications Parent Stock Performance

Shares of FYBR stock traded down $0.01 on Thursday, hitting $36.50. The company had a trading volume of 768,361 shares, compared to its average volume of 3,012,415. Frontier Communications Parent has a twelve month low of $24.43 and a twelve month high of $39.21. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.39. The firm has a market cap of $9.13 billion, a P/E ratio of -23.55 and a beta of 0.95. The company has a 50-day moving average price of $36.40 and a 200-day moving average price of $35.89.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent had a negative return on equity of 7.73% and a negative net margin of 6.47%. The firm's revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Frontier Communications Parent will post -1.11 earnings per share 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.