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

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twelve analysts that are currently covering the company, MarketBeat.com reports. One 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 objective among analysts that have updated their coverage on the stock in the last year is $36.07.

FYBR has been the topic of a number of recent research reports. New Street Research lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th.

Frontier Communications Parent Trading Down 0.2%

Shares of FYBR stock opened at $36.25 on Friday. The company's 50-day moving average price is $36.26 and its 200-day moving average price is $35.70. Frontier Communications Parent has a twelve month low of $24.43 and a twelve month high of $39.21. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of -28.10 and a beta of 0.97.

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 analysts' expectations of $1.51 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The business's revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that Frontier Communications Parent will post -1.11 earnings per share for the current year.

Institutional Investors Weigh In On Frontier Communications Parent

Several hedge funds have recently modified their holdings of FYBR. Strs Ohio purchased a new position in Frontier Communications Parent in the first quarter worth $1,214,000. Geneos Wealth Management Inc. boosted its stake in Frontier Communications Parent by 957.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company's stock worth $28,000 after buying an additional 699 shares during the last quarter. Bayforest Capital Ltd lifted its stake in shares of Frontier Communications Parent by 208.8% in the 1st quarter. Bayforest Capital Ltd now owns 8,421 shares of the company's stock valued at $302,000 after purchasing an additional 5,694 shares in the last quarter. Game Plan Financial Advisors LLC lifted its stake in shares of Frontier Communications Parent by 50.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 13,500 shares of the company's stock valued at $484,000 after purchasing an additional 4,500 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Frontier Communications Parent by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 664,891 shares of the company's stock valued at $23,843,000 after buying an additional 49,803 shares during the period.

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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