Wolfe Research Lowers Frontier Communications Parent (NASDAQ:FYBR) to Peer Perform

Wolfe Research cut shares of Frontier Communications Parent (NASDAQ:FYBR) from an outperform rating to a peer perform rating in a research report released on Monday morning, Marketbeat Ratings reports.

FYBR has been the subject of several other research reports. UBS Group cut shares of Frontier Communications Parent from a strong-buy rating to a hold rating in a research report on Friday, September 6th. Citigroup lifted their price target on shares of Frontier Communications Parent from $32.00 to $35.00 and gave the stock a buy rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut shares of Frontier Communications Parent from an overweight rating to a neutral rating and lifted their price target for the stock from $35.00 to $38.50 in a research report on Tuesday, September 17th. The Goldman Sachs Group lifted their price target on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a buy rating in a research report on Monday, August 5th. Finally, Benchmark reiterated a buy rating and set a $37.00 price target on shares of Frontier Communications Parent in a research report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Frontier Communications Parent presently has a consensus rating of Moderate Buy and an average target price of $35.38.

Frontier Communications Parent Trading Up 0.2 %

FYBR opened at $35.45 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $8.81 billion, a PE ratio of 322.27 and a beta of 1.08. Frontier Communications Parent has a 1-year low of $13.66 and a 1-year high of $39.21. The firm has a 50-day moving average price of $31.40 and a two-hundred day moving average price of $27.33.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.38). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. As a group, equities analysts anticipate that Frontier Communications Parent will post -0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FYBR. International Assets Investment Management LLC bought a new position in Frontier Communications Parent during the 2nd quarter worth approximately $37,000. Neo Ivy Capital Management bought a new position in Frontier Communications Parent in the fourth quarter valued at approximately $49,000. Game Plan Financial Advisors LLC lifted its stake 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 valued at $51,000 after buying an additional 1,600 shares in the last quarter. Blue Trust Inc. lifted its stake in Frontier Communications Parent by 224,400.0% in the second quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock valued at $55,000 after buying an additional 2,244 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Frontier Communications Parent by 100.9% in the first quarter. GAMMA Investing LLC now owns 2,523 shares of the company’s stock valued at $62,000 after buying an additional 1,267 shares in the last quarter.

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.