Brokerages Set Frontier Communications Parent, Inc. (NASDAQ:FYBR) Target Price at $24.83

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $25.57.

Separately, Bank of America assumed coverage on Frontier Communications Parent in a report on Tuesday. They set a “buy” rating and a $30.00 price target on the stock.

Frontier Communications Parent Price Performance

FYBR opened at $24.40 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.13. The company’s 50-day moving average price is $23.51 and its 200 day moving average price is $21.84. Frontier Communications Parent has a fifty-two week low of $11.65 and a fifty-two week high of $25.89. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 203.33 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. As a group, sell-side analysts expect that Frontier Communications Parent will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Frontier Communications Parent

Hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC lifted its stake in shares of Frontier Communications Parent by 120.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 532 shares during the period. GAMMA Investing LLC bought a new stake in shares of Frontier Communications Parent in the 4th quarter worth approximately $31,000. Geneos Wealth Management Inc. acquired a new stake in shares of Frontier Communications Parent during the 1st quarter worth approximately $35,000. Captrust Financial Advisors grew its holdings in shares of Frontier Communications Parent by 2,698.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,875 shares of the company’s stock worth $44,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Frontier Communications Parent during the first quarter valued at approximately $44,000.

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.