Frontier Communications Parent, Inc. (NASDAQ:FYBR) Stock Position Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 15.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,363 shares of the company’s stock after buying an additional 5,335 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Frontier Communications Parent were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Frontier Communications Parent by 101.6% in the 3rd quarter. Covestor Ltd now owns 7,811 shares of the company’s stock worth $122,000 after purchasing an additional 3,937 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Frontier Communications Parent in the 3rd quarter worth approximately $157,000. Janney Montgomery Scott LLC bought a new stake in shares of Frontier Communications Parent in the 3rd quarter worth approximately $157,000. Aristeia Capital LLC bought a new stake in shares of Frontier Communications Parent in the 3rd quarter worth approximately $163,000. Finally, Traverso Chambers Private Wealth Management LLC bought a new stake in shares of Frontier Communications Parent in the 4th quarter worth approximately $205,000.

Wall Street Analysts Forecast Growth

FYBR has been the topic of several recent research reports. Citigroup raised Frontier Communications Parent from a “neutral” rating to a “buy” rating and raised their price target for the stock from $28.00 to $30.00 in a report on Monday, April 15th. Bank of America initiated coverage on Frontier Communications Parent in a report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

Frontier Communications Parent Stock Up 1.4 %

FYBR opened at $22.93 on Friday. Frontier Communications Parent, Inc. has a 12 month low of $11.65 and a 12 month high of $25.89. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $5.70 billion, a P/E ratio of 191.08 and a beta of 1.05. The stock’s 50 day moving average price is $23.45 and its 200 day moving average price is $22.48.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Friday, February 23rd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue was down .8% compared to the same quarter last year. As a group, research analysts predict that Frontier Communications Parent, Inc. will post -0.2 earnings per share 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.