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

Key Points

• Frontier Communications Parent, Inc. has received an average rating of "Reduce" from five brokerages, with two analysts recommending a "sell" and three a "hold."
• The company reported a loss of $0.49 per share in its latest earnings, missing analysts' expectations and signaling a negative net margin of 6.40%.
• Institutional investors have made modest increases in their holdings, with several firms growing their stakes in the company during the second quarter.

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) have received an average rating of "Reduce" from the five research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Frontier Communications Parent in a report on Wednesday.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock opened at $37.32 on Friday. Frontier Communications Parent has a 12-month low of $33.72 and a 12-month high of $37.87. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. The business's 50-day moving average price is $37.15 and its two-hundred day moving average price is $36.62. The stock has a market cap of $9.34 billion, a PE ratio of -24.08 and a beta of 0.94.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned ($0.49) EPS. The business's revenue was up 4.0% on a year-over-year basis. As a group, analysts expect that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal year.

Institutional Trading of Frontier Communications Parent

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC grew its holdings in shares of Frontier Communications Parent by 1.1% during the second quarter. Intech Investment Management LLC now owns 26,171 shares of the company's stock worth $953,000 after purchasing an additional 286 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Frontier Communications Parent by 2.2% during the second quarter. Savant Capital LLC now owns 14,267 shares of the company's stock worth $519,000 after purchasing an additional 308 shares during the last quarter. Jag Capital Management LLC grew its holdings 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 purchasing an additional 311 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Frontier Communications Parent by 5.0% during the second quarter. QRG Capital Management Inc. now owns 6,635 shares of the company's stock worth $242,000 after purchasing an additional 317 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Frontier Communications Parent by 15.4% in the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after acquiring an additional 323 shares during the period.

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.

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