Frontier Communications Parent, Inc. (NASDAQ:FYBR – Get Free Report) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $35.31.
A number of research analysts have commented on FYBR shares. TD Cowen downgraded shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $38.50 in a research report on Tuesday, October 8th. UBS Group lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. The Goldman Sachs Group upped their target price on Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. cut Frontier Communications Parent from an “overweight” rating to a “neutral” rating and increased their target price for the company from $35.00 to $38.50 in a research report on Tuesday, September 17th. Finally, Moffett Nathanson lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 5th.
Get Our Latest Stock Analysis on Frontier Communications Parent
Frontier Communications Parent Stock Down 0.4 %
Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) last issued its earnings results 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 firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. Frontier Communications Parent’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Sell-side analysts expect that Frontier Communications Parent will post -0.79 earnings per share for the current year.
Institutional Investors Weigh In On Frontier Communications Parent
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capstone Investment Advisors LLC acquired a new position in shares of Frontier Communications Parent during the first quarter valued at about $1,817,000. GSA Capital Partners LLP acquired a new position in Frontier Communications Parent during the 1st quarter valued at approximately $1,449,000. Redwood Investment Management LLC purchased a new position in shares of Frontier Communications Parent in the first quarter worth $641,000. Quantbot Technologies LP acquired a new stake in shares of Frontier Communications Parent during the first quarter worth $582,000. Finally, Luxor Capital Group LP lifted its stake in shares of Frontier Communications Parent by 1.6% during the second quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock worth $73,208,000 after buying an additional 43,542 shares during the period.
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.
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