Frontier Communications Parent, Inc. (NASDAQ:FYBR) Given Average Recommendation of “Reduce” by Brokerages

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBRGet Free Report) have been given a consensus recommendation of “Reduce” by the five analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Communications Parent in a research report on Wednesday, October 8th.

View Our Latest Stock Report on Frontier Communications Parent

Frontier Communications Parent Trading Up 0.3%

NASDAQ:FYBR opened at $37.44 on Friday. 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 business’s 50-day simple moving average is $37.17 and its 200-day simple moving average is $36.65. Frontier Communications Parent has a fifty-two week low of $33.72 and a fifty-two week high of $37.87. The stock has a market capitalization of $9.37 billion, a PE ratio of -24.15 and a beta of 0.94.

Frontier Communications Parent (NASDAQ:FYBRGet Free Report) last announced its earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.49) earnings per share. Sell-side analysts expect that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal year.

Institutional Trading of Frontier Communications Parent

A number of hedge funds and other institutional investors have recently made changes to their positions in FYBR. Voya Investment Management LLC boosted its holdings in Frontier Communications Parent by 201.6% during the third quarter. Voya Investment Management LLC now owns 79,008 shares of the company’s stock worth $2,951,000 after purchasing an additional 52,812 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in Frontier Communications Parent during the 3rd quarter worth about $3,054,000. Oak Thistle LLC lifted its position in Frontier Communications Parent by 5.4% during the 3rd quarter. Oak Thistle LLC now owns 83,855 shares of the company’s stock worth $3,132,000 after buying an additional 4,332 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Frontier Communications Parent by 61.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,311 shares of the company’s stock worth $236,000 after buying an additional 2,390 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new position in shares of Frontier Communications Parent in the 2nd quarter valued at about $205,000.

About Frontier Communications Parent

(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.

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Analyst Recommendations for Frontier Communications Parent (NASDAQ:FYBR)

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