DekaBank Deutsche Girozentrale Has $2.17 Million Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

DekaBank Deutsche Girozentrale increased its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 21.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,000 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Frontier Communications Parent were worth $2,169,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new position in Frontier Communications Parent during the first quarter valued at approximately $35,000. Captrust Financial Advisors raised its position in Frontier Communications Parent by 2,698.5% during the second quarter. Captrust Financial Advisors now owns 1,875 shares of the company’s stock valued at $44,000 after acquiring an additional 1,808 shares in the last quarter. Quarry LP bought a new position in Frontier Communications Parent during the first quarter valued at approximately $44,000. Sunbelt Securities Inc. bought a new position in Frontier Communications Parent during the second quarter valued at approximately $54,000. Finally, American International Group Inc. bought a new position in Frontier Communications Parent during the second quarter valued at approximately $60,000.

Wall Street Analyst Weigh In

Separately, Bank of America assumed coverage on shares of Frontier Communications Parent in a research report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Frontier Communications Parent presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Frontier Communications Parent Trading Down 2.2 %

NASDAQ:FYBR opened at $23.87 on Friday. Frontier Communications Parent, Inc. has a 12 month low of $11.65 and a 12 month high of $25.89. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 198.92 and a beta of 1.05. 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 is $23.50 and its 200-day moving average is $21.95.

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

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.