Frontier Communications Parent, Inc. (NASDAQ:FYBR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.43.

Several equities research analysts recently commented on the stock. Citigroup raised shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $30.00 in a report on Monday, April 15th. Bank of America assumed coverage on shares of Frontier Communications Parent in a report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price target for the company.

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR opened at $25.62 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.13. Frontier Communications Parent has a 12 month low of $11.65 and a 12 month high of $27.41. The company has a 50 day simple moving average of $23.59 and a two-hundred day simple moving average of $22.63. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 213.50 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last posted its 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. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. Frontier Communications Parent had a net margin of 0.50% and a return on equity of 0.56%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. As a group, analysts predict that Frontier Communications Parent will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On Frontier Communications Parent

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new position in shares of Frontier Communications Parent during the 1st quarter valued at about $1,449,000. Daiwa Securities Group Inc. boosted its position in shares of Frontier Communications Parent by 12.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company’s stock valued at $174,000 after acquiring an additional 800 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Frontier Communications Parent during the 1st quarter valued at about $1,817,000. Retirement Systems of Alabama boosted its position in shares of Frontier Communications Parent by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 277,784 shares of the company’s stock valued at $6,806,000 after acquiring an additional 763 shares during the last quarter. Finally, Norden Group LLC acquired a new position in shares of Frontier Communications Parent during the 1st quarter valued at about $236,000.

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.