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

Key Points

• Frontier Communications Parent, Inc. has been given a consensus rating of "Hold" by twelve analysts, with one sell recommendation, ten hold recommendations, and one buy recommendation.
• The company reported earnings per share of ($0.26), which beat analysts’ expectations of ($0.33), and its revenue for the quarter was $1.51 billion, matching analyst estimates.
• The share price of Frontier Communications has a 12-month high of $39.21 and a low of $24.43, currently trading around $36.67.

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has received a consensus rating of "Hold" from the twelve ratings firms that are presently covering the firm, MarketBeat reports. One investment 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 1-year price target among brokerages that have issued ratings on the stock in the last year is $36.58.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in Frontier Communications Parent by 957.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company's stock valued at $28,000 after buying an additional 699 shares during the last quarter. Brooklyn Investment Group raised its position in Frontier Communications Parent by 46.1% during the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock valued at $41,000 after purchasing an additional 359 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Frontier Communications Parent by 360.7% in the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock worth $70,000 after buying an additional 1,533 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in shares of Frontier Communications Parent in the 1st quarter worth approximately $74,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Frontier Communications Parent during the fourth quarter valued at approximately $76,000.

Frontier Communications Parent Price Performance

FYBR stock traded down $0.07 during midday trading on Monday, reaching $36.60. The company had a trading volume of 2,551,098 shares, compared to its average volume of 2,385,591. Frontier Communications Parent has a 1 year low of $24.43 and a 1 year high of $39.21. The firm has a 50-day moving average price of $36.50 and a 200-day moving average price of $36.13. The company has a market capitalization of $9.16 billion, a P/E ratio of -23.61 and a beta of 0.95. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.42 and a quick ratio of 0.42.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly 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 business had revenue of $1.51 billion for 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 firm's revenue was up 3.5% compared to the same quarter last year. On average, research analysts anticipate 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.