Frontier Communications Parent, Inc. (NASDAQ:FYBR – Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 28,510,000 shares, an increase of 6.9% from the March 15th total of 26,660,000 shares. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is presently 16.9 days. Currently, 16.1% of the company’s stock are short sold.
Frontier Communications Parent Stock Performance
FYBR stock opened at $22.75 on Thursday. The stock has a market capitalization of $5.65 billion, a PE ratio of 189.58 and a beta of 1.05. Frontier Communications Parent has a 12-month low of $11.65 and a 12-month high of $25.89. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.13. The stock’s 50 day simple moving average is $23.46 and its 200 day simple moving average is $22.11.
Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) last announced its earnings results on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. Frontier Communications Parent had a net margin of 0.50% and a return on equity of 0.56%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. As a group, research analysts forecast that Frontier Communications Parent will post -0.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Frontier Communications Parent
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Citigroup raised Frontier Communications Parent from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $30.00 in a research report on Monday. Bank of America started coverage on Frontier Communications Parent in a research report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.43.
Check Out Our Latest Research Report on Frontier Communications Parent
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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