Citigroup Boosts Frontier Communications Parent (NASDAQ:FYBR) Price Target to $32.00

Frontier Communications Parent (NASDAQ:FYBR) had its price objective boosted by Citigroup from $30.00 to $32.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. TD Cowen cut their price objective on shares of Frontier Communications Parent from $41.00 to $39.00 and set a buy rating for the company in a research report on Monday. Bank of America assumed coverage on shares of Frontier Communications Parent in a research report on Tuesday, April 9th. They set a buy rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Frontier Communications Parent presently has a consensus rating of Moderate Buy and a consensus price target of $29.13.

Frontier Communications Parent Trading Down 1.8 %

NASDAQ:FYBR opened at $25.82 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.22 and a debt-to-equity ratio of 2.14. Frontier Communications Parent has a 12 month low of $11.65 and a 12 month high of $27.41. The company has a market cap of $6.42 billion, a PE ratio of 234.73 and a beta of 1.05. The company has a 50 day simple moving average of $23.70 and a two-hundred day simple moving average of $22.80.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Friday, February 23rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Frontier Communications Parent had a net margin of 0.47% and a return on equity of 0.52%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s revenue was down .8% on a year-over-year basis. Research analysts forecast that Frontier Communications Parent will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Glendon Capital Management LP boosted its holdings in Frontier Communications Parent by 6.2% in the 3rd quarter. Glendon Capital Management LP now owns 24,215,909 shares of the company’s stock worth $378,979,000 after buying an additional 1,417,609 shares during the period. Vanguard Group Inc. boosted its holdings in Frontier Communications Parent by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,964,203 shares of the company’s stock worth $607,253,000 after buying an additional 136,350 shares during the period. Capital International Investors boosted its holdings in Frontier Communications Parent by 0.3% in the 4th quarter. Capital International Investors now owns 17,322,427 shares of the company’s stock worth $438,950,000 after buying an additional 44,579 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Frontier Communications Parent by 14.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 9,814,910 shares of the company’s stock worth $153,603,000 after buying an additional 1,250,000 shares during the period. Finally, JANA Partners Management LP bought a new position in Frontier Communications Parent in the 3rd quarter worth $129,569,000.

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.