Brokerages Set Frontier Communications Parent, Inc. (NASDAQ:FYBR) Target Price at $36.07

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has been given a consensus recommendation of “Hold” by the twelve analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $36.07.

Several equities analysts have commented on FYBR shares. Benchmark reiterated a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. New Street Research lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st.

Frontier Communications Parent Trading Down 0.4%

Frontier Communications Parent stock opened at $36.10 on Friday. The stock has a 50-day simple moving average of $36.31 and a 200 day simple moving average of $35.74. The stock has a market capitalization of $9.03 billion, a P/E ratio of -27.98 and a beta of 0.97. 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 52 week low of $24.43 and a 52 week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last issued its earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.07. 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 the consensus estimate of $1.51 billion. Frontier Communications Parent’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts expect that Frontier Communications Parent will post -1.11 earnings per share for the current year.

Institutional Trading of Frontier Communications Parent

Several hedge funds and other institutional investors have recently bought and sold shares of FYBR. Barclays PLC increased its holdings in shares of Frontier Communications Parent by 39.7% during the third quarter. Barclays PLC now owns 99,969 shares of the company’s stock worth $3,553,000 after purchasing an additional 28,417 shares during the period. Retirement Systems of Alabama grew its position in Frontier Communications Parent by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 269,475 shares of the company’s stock worth $9,351,000 after buying an additional 757 shares in the last quarter. Savant Capital LLC increased its stake in Frontier Communications Parent by 33.2% during the 4th quarter. Savant Capital LLC now owns 9,602 shares of the company’s stock worth $333,000 after acquiring an additional 2,394 shares during the period. New York State Teachers Retirement System raised its holdings in Frontier Communications Parent by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 151,243 shares of the company’s stock valued at $5,248,000 after acquiring an additional 2,255 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Frontier Communications Parent by 36.8% during the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock valued at $209,000 after acquiring an additional 1,581 shares during the period.

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.