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 – Get Free Report) 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
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.
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