Frontier Communications Parent (NASDAQ:FYBR) Stock Rating Lowered by Raymond James

Frontier Communications Parent (NASDAQ:FYBRGet Free Report) was downgraded by equities research analysts at Raymond James from a “strong-buy” rating to a “market perform” rating in a report issued on Monday, MarketBeat Ratings reports.

A number of other research analysts have also issued reports on the company. Wolfe Research lowered Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. Moffett Nathanson lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company restated an “equal weight” rating and issued a $38.50 target price (up previously from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. The Goldman Sachs Group increased their price objective on Frontier Communications Parent from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. cut shares of Frontier Communications Parent from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $38.50 in a research note on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.31.

View Our Latest Report on Frontier Communications Parent

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $35.89 on Monday. The firm’s fifty day moving average is $34.28 and its two-hundred day moving average is $28.94. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of -97.00 and a beta of 1.10. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.87. Frontier Communications Parent has a one year low of $16.30 and a one year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBRGet Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm posted ($0.01) earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Research analysts expect that Frontier Communications Parent will post -0.79 EPS for the current year.

Institutional Trading of Frontier Communications Parent

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Frontier Communications Parent by 18.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,799 shares of the company’s stock valued at $99,000 after purchasing an additional 444 shares during the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of Frontier Communications Parent by 23.8% in the second quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company’s stock valued at $68,000 after purchasing an additional 500 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Frontier Communications Parent by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 44,797 shares of the company’s stock worth $1,173,000 after buying an additional 585 shares during the period. US Bancorp DE lifted its holdings in Frontier Communications Parent by 8.4% during the 3rd quarter. US Bancorp DE now owns 7,750 shares of the company’s stock worth $275,000 after buying an additional 598 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in Frontier Communications Parent by 6.8% in the 2nd quarter. Wedmont Private Capital now owns 10,075 shares of the company’s stock valued at $275,000 after buying an additional 640 shares during the period.

Frontier Communications Parent Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Frontier Communications Parent (NASDAQ:FYBR)

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