Investment Analysts’ Weekly Ratings Updates for Frontier Communications Parent (FYBR)

A number of firms have modified their ratings and price targets on shares of Frontier Communications Parent (NASDAQ: FYBR) recently:

• 9/6/2024 – Frontier Communications Parent was downgraded by analysts at UBS Group AG from a “strong-buy” rating to a “hold” rating.
• 9/6/2024 – Frontier Communications Parent had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $38.50 price target on the stock, up previously from $31.00.
• 9/5/2024 – Frontier Communications Parent was downgraded by analysts at Moffett Nathanson from a “strong-buy” rating to a “hold” rating.
• 9/5/2024 – Frontier Communications Parent had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $37.00 price target on the stock.
• 8/27/2024 – Frontier Communications Parent had its price target raised by analysts at Benchmark Co. from $35.00 to $37.00. They now have a “buy” rating on the stock.
• 8/8/2024 – Frontier Communications Parent had its price target raised by analysts at Citigroup Inc. from $32.00 to $35.00. They now have a “buy” rating on the stock.
• 8/5/2024 – Frontier Communications Parent had its price target raised by analysts at JPMorgan Chase & Co. from $33.00 to $35.00. They now have an “overweight” rating on the stock.
• 8/5/2024 – Frontier Communications Parent had its price target raised by analysts at The Goldman Sachs Group, Inc. from $29.00 to $32.00. They now have a “buy” rating on the stock.

Frontier Communications Parent Trading Down 1.3 %

NASDAQ:FYBR opened at $35.95 on Tuesday. Frontier Communications Parent, Inc. has a 52 week low of $13.66 and a 52 week high of $39.21. The firm has a 50 day moving average of $29.36 and a 200 day moving average of $26.38. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 326.82 and a beta of 1.08.

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

Hedge Funds Weigh In On Frontier Communications Parent

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capstone Investment Advisors LLC purchased a new position in Frontier Communications Parent during the first quarter worth about $1,817,000. Norges Bank purchased a new position in Frontier Communications Parent during the fourth quarter worth about $50,269,000. Sunriver Management LLC purchased a new position in Frontier Communications Parent during the fourth quarter worth about $16,255,000. NBC Securities Inc. raised its stake in Frontier Communications Parent by 26,121.9% during the first quarter. NBC Securities Inc. now owns 87,581 shares of the company’s stock worth $2,145,000 after purchasing an additional 87,247 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Frontier Communications Parent during the first quarter worth about $1,449,000.

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.