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

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) have received a consensus rating of "Hold" from the twelve brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $36.07.

FYBR has been the topic of a number of research analyst reports. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. New Street Research downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th.

Frontier Communications Parent Stock Up 0.1 %

FYBR traded up $0.05 on Friday, hitting $36.20. The company had a trading volume of 402,527 shares, compared to its average volume of 2,908,869. The stock has a fifty day moving average price of $35.86 and a 200-day moving average price of $35.44. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent has a 12-month low of $21.85 and a 12-month high of $39.21. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of -28.06 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.28). Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Analysts predict that Frontier Communications Parent will post -1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the sale, the executive vice president now directly owns 76,523 shares of the company's stock, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Frontier Communications Parent

Hedge funds have recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings in Frontier Communications Parent by 68.0% in the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after acquiring an additional 425 shares during the period. Parallel Advisors LLC lifted its stake in shares of Frontier Communications Parent by 360.7% in the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after purchasing an additional 1,533 shares during the period. Lazard Asset Management LLC purchased a new stake in Frontier Communications Parent during the fourth quarter worth $76,000. Fifth Third Bancorp grew its position in Frontier Communications Parent by 15.4% during the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after buying an additional 323 shares during the period. Finally, Whipplewood Advisors LLC increased its holdings in Frontier Communications Parent by 7,980.6% in the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock valued at $90,000 after buying an additional 2,474 shares in the last quarter.

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.