Frontier Communications Parent, Inc. (NASDAQ:FYBR) Given Average Recommendation of "Moderate Buy" by Analysts

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) has earned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $25.57.

Separately, Bank of America started coverage on Frontier Communications Parent in a research note on Tuesday. They set a "buy" rating and a $30.00 price target for the company.

Frontier Communications Parent Stock Up 4.2 %

Shares of FYBR traded up $0.98 during trading hours on Tuesday, hitting $24.11. The company had a trading volume of 1,207,715 shares, compared to its average volume of 1,695,750. Frontier Communications Parent has a 52-week low of $11.65 and a 52-week high of $25.89. The firm has a fifty day moving average price of $23.54 and a 200-day moving average price of $21.81. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 200.92 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. On average, equities research analysts forecast that Frontier Communications Parent will post -0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC lifted its holdings in Frontier Communications Parent by 120.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company's stock worth $25,000 after purchasing an additional 532 shares in the last quarter. GAMMA Investing LLC purchased a new position in Frontier Communications Parent in the 4th quarter worth approximately $31,000. Geneos Wealth Management Inc. purchased a new stake in shares of Frontier Communications Parent during the 1st quarter worth approximately $35,000. Captrust Financial Advisors raised its holdings in shares of Frontier Communications Parent by 2,698.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,875 shares of the company's stock worth $44,000 after acquiring an additional 1,808 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Frontier Communications Parent during the 1st quarter worth approximately $44,000.

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.