Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Average Rating of "Reduce" from Analysts

Key Points

• Frontier Communications Parent, Inc. has received a consensus rating of "Reduce" from analysts, with two sell ratings and three hold ratings among five firms covering the company.
• Separately, Weiss Ratings reaffirmed a "sell (d-)" rating, indicating ongoing concerns about the stock's performance.
• Despite reporting a $1.54 billion revenue for the quarter, the company's earnings per share were ($0.49), missing analysts' expectations.

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) have been given a consensus rating of "Reduce" by the five ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company.

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

Hedge Funds Weigh In On Frontier Communications Parent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 699 shares during the period. Brooklyn Investment Group boosted its stake in Frontier Communications Parent by 46.1% in the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock worth $41,000 after purchasing an additional 359 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in Frontier Communications Parent in the 1st quarter worth approximately $74,000. UMB Bank n.a. boosted its stake in Frontier Communications Parent by 113.9% in the 1st quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock worth $81,000 after purchasing an additional 1,196 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Frontier Communications Parent by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after purchasing an additional 323 shares during the period.

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR opened at $37.32 on Friday. 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 stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of -24.08 and a beta of 0.94. The stock's fifty day simple moving average is $37.15 and its 200 day simple moving average is $36.62. Frontier Communications Parent has a 52-week low of $33.72 and a 52-week high of $37.87.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued 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). The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The business's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.49) earnings per share. As a group, sell-side analysts forecast that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal 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.

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