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

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has earned an average recommendation of "Hold" from the twelve analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $36.07.

Several analysts recently issued reports on the stock. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Finally, New Street Research lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st.

Insider Buying and Selling at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the completion of the transaction, the executive vice president now directly owns 76,523 shares of the company's stock, valued at $2,755,593.23. The trade was a 31.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Frontier Communications Parent

Several institutional investors have recently bought and sold shares of the company. Mariner LLC grew its position in Frontier Communications Parent by 0.8% in the 4th quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after acquiring an additional 301 shares in the last quarter. Jag Capital Management LLC grew its position in shares of Frontier Communications Parent by 3.9% during the first quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock worth $298,000 after buying an additional 311 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Frontier Communications Parent by 15.4% during the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after buying an additional 323 shares in the last quarter. Xponance Inc. grew its position in shares of Frontier Communications Parent by 1.3% during the first quarter. Xponance Inc. now owns 26,712 shares of the company's stock worth $958,000 after buying an additional 333 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Frontier Communications Parent by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock worth $1,565,000 after buying an additional 344 shares in the last quarter.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock opened at $36.59 on Wednesday. Frontier Communications Parent has a one year low of $24.43 and a one year high of $39.21. The company has a market cap of $9.16 billion, a price-to-earnings ratio of -28.36 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The business's 50 day moving average price is $36.02 and its 200 day moving average price is $35.52.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The company's quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Frontier Communications Parent will post -1.11 EPS for the current 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.

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