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

Key Points

• Frontier Communications Parent, Inc. has received an average rating of "Reduce" from analysts, with one sell and seven hold recommendations.
• The company's stock price target among brokers is set at $38.50, while the stock currently trades at around $37.42.
• In its latest earnings report, Frontier missed EPS estimates with a loss of ($0.49) per share, despite a 4.0% increase in revenue compared to the previous year.

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has been given a consensus recommendation of "Reduce" by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $38.50.

Frontier Communications Parent Price Performance

NASDAQ:FYBR traded down $0.13 during trading hours on Tuesday, hitting $37.20. 9,285,197 shares of the stock were exchanged, compared to its average volume of 3,230,953. Frontier Communications Parent has a 52-week low of $33.72 and a 52-week high of $37.81. The firm's fifty day moving average price is $36.98 and its 200 day moving average price is $36.47. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49. The company has a market cap of $9.31 billion, a P/E ratio of -24.00 and a beta of 0.95.

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

Institutional Trading of Frontier Communications Parent

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in Frontier Communications Parent in the 4th quarter valued at approximately $970,000. Bank of America Corp DE boosted its stake in Frontier Communications Parent by 38.7% during the 4th quarter. Bank of America Corp DE now owns 358,586 shares of the company's stock worth $12,443,000 after purchasing an additional 100,099 shares during the period. Janus Henderson Group PLC boosted its stake in Frontier Communications Parent by 4.4% during the 4th quarter. Janus Henderson Group PLC now owns 89,532 shares of the company's stock worth $3,109,000 after purchasing an additional 3,800 shares during the period. Lazard Asset Management LLC acquired a new stake in Frontier Communications Parent during the 4th quarter worth $76,000. Finally, ProShare Advisors LLC boosted its stake in Frontier Communications Parent by 7.5% during the 4th quarter. ProShare Advisors LLC now owns 10,368 shares of the company's stock worth $360,000 after purchasing an additional 726 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.