International Assets Investment Management LLC Takes $1.54 Million Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

International Assets Investment Management LLC bought a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 60,816 shares of the company's stock, valued at approximately $1,541,000.

A number of other institutional investors have also modified their holdings of FYBR. Raymond James & Associates boosted its stake in shares of Frontier Communications Parent by 123.5% in the third quarter. Raymond James & Associates now owns 48,642 shares of the company's stock valued at $761,000 after buying an additional 26,877 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Frontier Communications Parent during the third quarter worth about $234,000. New York State Teachers Retirement System boosted its stake in shares of Frontier Communications Parent by 11.4% during the 3rd quarter. New York State Teachers Retirement System now owns 171,708 shares of the company's stock worth $2,687,000 after acquiring an additional 17,555 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Frontier Communications Parent by 11.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,028 shares of the company's stock valued at $548,000 after purchasing an additional 3,592 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Frontier Communications Parent by 1,282.2% during the third quarter. Mackenzie Financial Corp now owns 358,647 shares of the company's stock worth $5,613,000 after purchasing an additional 332,700 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FYBR shares. Bank of America began coverage on Frontier Communications Parent in a research report on Tuesday, April 9th. They issued a "buy" rating and a $30.00 price target for the company. Citigroup upgraded shares of Frontier Communications Parent from a "neutral" rating to a "buy" rating and increased their price target for the company from $28.00 to $30.00 in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.43.

Frontier Communications Parent Trading Up 0.5 %

FYBR traded up $0.10 during midday trading on Monday, hitting $21.80. The company's stock had a trading volume of 1,304,039 shares, compared to its average volume of 1,691,716. Frontier Communications Parent, Inc. has a 52-week low of $11.65 and a 52-week high of $25.89. The firm has a 50-day moving average price of $23.44 and a two-hundred day moving average price of $22.28. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.13. The firm has a market cap of $5.42 billion, a P/E ratio of 178.42 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The company's 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, research analysts anticipate that Frontier Communications Parent, Inc. will post -0.44 earnings per share for the current year.

Frontier Communications Parent 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.