Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR – Get 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%
Frontier Communications Parent (NASDAQ:FYBR – Get 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
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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