Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Average Rating of “Hold” from Brokerages

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has received a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $35.31.

Several equities research analysts recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Raymond James cut shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. Finally, New Street Research lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st.

Frontier Communications Parent Price Performance

FYBR opened at $36.00 on Friday. The company’s 50 day simple moving average is $35.59 and its 200 day simple moving average is $34.82. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent has a 1 year low of $21.31 and a 1 year high of $39.21. The stock has a market capitalization of $8.99 billion, a PE ratio of -27.91 and a beta of 1.04.

Frontier Communications Parent (NASDAQ:FYBR) last released its earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.28). Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. As a group, sell-side analysts expect that Frontier Communications Parent will post -1.11 EPS for the current year.

Insider Activity

In other news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the sale, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Trading of Frontier Communications Parent

A number of hedge funds have recently made changes to their positions in the company. Tiptree Advisors LLC purchased a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $2,776,000. Neo Ivy Capital Management raised its stake in shares of Frontier Communications Parent by 88.4% during the fourth quarter. Neo Ivy Capital Management now owns 12,693 shares of the company’s stock valued at $440,000 after purchasing an additional 5,957 shares during the period. CSS LLC IL purchased a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Frontier Communications Parent by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 615,088 shares of the company’s stock valued at $21,344,000 after purchasing an additional 49,778 shares during the period. Finally, Woodline Partners LP purchased a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $31,230,000.

About 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.