Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives $36.07 Average Target Price from Analysts

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has earned an average recommendation of "Hold" from the twelve ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $36.07.

Several brokerages recently issued reports on FYBR. 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. Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Finally, Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th.

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the 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 transaction, the executive vice president now directly owns 76,523 shares in the company, valued at approximately $2,755,593.23. This represents a 31.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FYBR. UMB Bank n.a. grew its stake in shares of Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after buying an additional 425 shares during the period. Brooklyn Investment Group increased its holdings in shares of 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 acquiring an additional 359 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Frontier Communications Parent by 360.7% during the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock worth $70,000 after purchasing an additional 1,533 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in shares of Frontier Communications Parent during the first quarter valued at about $74,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Frontier Communications Parent during the fourth quarter worth about $76,000.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR traded down $0.01 during trading hours on Wednesday, hitting $36.67. 391,693 shares of the stock were exchanged, compared to its average volume of 2,718,089. Frontier Communications Parent has a 1-year low of $24.43 and a 1-year high of $39.21. The company has a market cap of $9.18 billion, a PE ratio of -28.41 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 company's fifty day simple moving average is $36.06 and its two-hundred day simple moving average is $35.53.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.07. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Frontier Communications Parent will post -1.11 EPS for the current year.

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.