TD Cowen Lowers Frontier Communications Parent (NASDAQ:FYBR) Price Target to $39.00

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) had its price target decreased by TD Cowen from $41.00 to $39.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price target points to a potential upside of 48.35% from the stock's previous close.

Other research analysts also recently issued research reports about the company. Citigroup upgraded Frontier Communications Parent from a "neutral" rating to a "buy" rating and upped their target price for the stock from $28.00 to $30.00 in a report on Monday, April 15th. Bank of America started coverage on Frontier Communications Parent in a report on Tuesday, April 9th. They set a "buy" rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.88.

Frontier Communications Parent Stock Up 2.6 %

NASDAQ:FYBR traded up $0.67 on Monday, hitting $26.29. The stock had a trading volume of 2,269,545 shares, compared to its average volume of 1,674,049. The business's fifty day moving average is $23.66 and its 200 day moving average is $22.75. The company has a market cap of $6.53 billion, a PE ratio of 239.27 and a beta of 1.05. The company has a quick ratio of 1.22, a current ratio of 1.07 and a debt-to-equity ratio of 2.14. Frontier Communications Parent has a 52 week low of $11.65 and a 52 week high of $27.41.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Frontier Communications Parent had a return on equity of 0.52% and a net margin of 0.47%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts expect that Frontier Communications Parent will post -0.2 EPS for the current fiscal year.

Institutional Trading of Frontier Communications Parent

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hexagon Capital Partners LLC grew its stake in Frontier Communications Parent by 120.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company's stock valued at $25,000 after acquiring an additional 532 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth approximately $31,000. Neo Ivy Capital Management acquired a new position in Frontier Communications Parent in the fourth quarter worth $49,000. Game Plan Financial Advisors LLC boosted its holdings in Frontier Communications Parent by 320.0% in the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company's stock worth $51,000 after purchasing an additional 1,600 shares during the period. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at about $52,000.

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.