Brokerages Set Frontier Communications Parent, Inc. (NASDAQ:FYBR) PT at $27.43

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $28.88.

FYBR has been the topic of several recent analyst reports. Citigroup raised Frontier Communications Parent from a “neutral” rating to a “buy” rating and boosted their price target for the company from $28.00 to $30.00 in a research note on Monday, April 15th. TD Cowen dropped their target price on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Bank of America began coverage on shares of Frontier Communications Parent in a report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price target for the company.

Institutional Investors Weigh In On Frontier Communications Parent

Several institutional investors have recently bought and sold shares of FYBR. JANA Partners Management LP purchased a new stake in shares of Frontier Communications Parent in the third quarter valued at about $129,569,000. Norges Bank purchased a new position in shares of Frontier Communications Parent in the 4th quarter worth approximately $50,269,000. Glendon Capital Management LP boosted its stake in shares of Frontier Communications Parent by 6.2% in the 3rd quarter. Glendon Capital Management LP now owns 24,215,909 shares of the company’s stock worth $378,979,000 after buying an additional 1,417,609 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Frontier Communications Parent by 41.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,861,434 shares of the company’s stock valued at $123,191,000 after purchasing an additional 1,415,278 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Frontier Communications Parent by 14.6% in the third quarter. Canada Pension Plan Investment Board now owns 9,814,910 shares of the company’s stock valued at $153,603,000 after purchasing an additional 1,250,000 shares during the last quarter.

Frontier Communications Parent Trading Up 2.6 %

NASDAQ FYBR opened at $26.29 on Friday. The business’s 50-day moving average price is $23.66 and its two-hundred day moving average price is $22.75. Frontier Communications Parent has a 12 month low of $11.65 and a 12 month high of $27.41. The firm has a market capitalization of $6.53 billion, a PE ratio of 239.00 and a beta of 1.05. The company has a current ratio of 1.07, a quick ratio of 1.22 and a debt-to-equity ratio of 2.14.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Frontier Communications Parent had a return on equity of 0.52% and a net margin of 0.47%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue was down .8% on a year-over-year basis. On average, analysts expect that Frontier Communications Parent will post -0.2 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.