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

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBRGet Free Report) have been assigned a consensus recommendation of “Reduce” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company.

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

Check Out Our Latest Analysis on Frontier Communications Parent

Frontier Communications Parent Trading Up 0.3%

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

Frontier Communications Parent (NASDAQ:FYBRGet Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.49) earnings per share. As a group, research analysts predict that Frontier Communications Parent will post -1.11 earnings per share for the current fiscal year.

Institutional Trading of Frontier Communications Parent

Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in shares of Frontier Communications Parent by 957.5% during the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after purchasing an additional 699 shares in the last quarter. Brooklyn Investment Group increased its stake in Frontier Communications Parent by 46.1% in the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock valued at $41,000 after buying an additional 359 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in shares of Frontier Communications Parent during the 1st quarter worth approximately $74,000. UMB Bank n.a. lifted its position in shares of Frontier Communications Parent by 113.9% during the 1st quarter. UMB Bank n.a. now owns 2,246 shares of the company’s stock worth $81,000 after buying an additional 1,196 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Frontier Communications Parent by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company’s stock worth $87,000 after buying an additional 323 shares during the last quarter.

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.

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Analyst Recommendations for Frontier Communications Parent (NASDAQ:FYBR)

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