Analysts Set Frontier Communications Parent, Inc. (NASDAQ:FYBR) Price Target at $38.50

Frontier Communications Parent, Inc. (NASDAQ:FYBR) has been given an average recommendation of “Reduce” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $38.50.

Institutional Investors Weigh In On Frontier Communications Parent

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in Frontier Communications Parent by 957.5% in the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after acquiring an additional 699 shares during the last quarter. Brooklyn Investment Group lifted its position in Frontier Communications Parent by 46.1% in the first quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock valued at $41,000 after acquiring an additional 359 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Frontier Communications Parent by 360.7% in the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company’s stock valued at $70,000 after buying an additional 1,533 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Frontier Communications Parent in the first quarter valued at about $74,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth about $76,000.

Frontier Communications Parent Price Performance

Shares of FYBR opened at $37.33 on Tuesday. Frontier Communications Parent has a 1-year low of $33.72 and a 1-year high of $37.81. The stock has a market cap of $9.34 billion, a PE ratio of -24.08 and a beta of 0.95. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a fifty day moving average price of $36.97 and a 200 day moving average price of $36.46.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned ($0.49) earnings per share. Frontier Communications Parent’s revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Frontier Communications Parent will post -1.11 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.