Frontier Communications Parent, Inc. (NASDAQ:FYBR) Given Consensus Recommendation of “Hold” by Brokerages

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has been given a consensus rating of “Hold” by the five analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company.

FYBR has been the topic of a number of research reports. Zacks Research raised shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Communications Parent in a research note on Monday, December 29th.

Frontier Communications Parent Stock Up 0.1%

FYBR stock opened at $38.49 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $9.64 billion, a P/E ratio of -25.32 and a beta of 0.94. Frontier Communications Parent has a fifty-two week low of $35.31 and a fifty-two week high of $38.50. The business has a 50-day moving average of $38.07 and a 200-day moving average of $37.49.

Frontier Communications Parent (NASDAQ:FYBR) last announced its earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.10. Frontier Communications Parent had a negative return on equity of 7.91% and a negative net margin of 6.24%.The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned ($0.33) EPS. Frontier Communications Parent’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal year.

Institutional Trading of Frontier Communications Parent

Several institutional investors and hedge funds have recently bought and sold shares of FYBR. Signaturefd LLC boosted its position in Frontier Communications Parent by 85.7% during the fourth quarter. Signaturefd LLC now owns 908 shares of the company’s stock valued at $35,000 after purchasing an additional 419 shares during the last quarter. Affinity Wealth Management LLC increased its position in shares of Frontier Communications Parent by 2.7% during the 4th quarter. Affinity Wealth Management LLC now owns 124,904 shares of the company’s stock worth $4,755,000 after purchasing an additional 3,290 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Frontier Communications Parent by 63.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,803 shares of the company’s stock worth $756,000 after purchasing an additional 7,661 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of Frontier Communications Parent by 2.3% in the 4th quarter. Wedmont Private Capital now owns 31,632 shares of the company’s stock valued at $1,209,000 after buying an additional 714 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Frontier Communications Parent by 469.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,138 shares of the company’s stock valued at $43,000 after buying an additional 938 shares in the last quarter.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.