Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) had its target price cut by equities researchers at TD Cowen from $41.00 to $39.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 51.05% from the stock’s previous close.
Several other research analysts have also recently issued reports on FYBR. Bank of America assumed coverage on shares of Frontier Communications Parent in a report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 target price for the company. Citigroup upgraded shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and upped their price objective for the company from $28.00 to $30.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Frontier Communications Parent currently has an average rating of “Moderate Buy” and a consensus price target of $29.13.
Get Our Latest Stock Report on Frontier Communications Parent
Frontier Communications Parent Stock Performance
Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. Frontier Communications Parent had a return on equity of 0.52% and a net margin of 0.47%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. On average, sell-side analysts anticipate that Frontier Communications Parent will post -0.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Frontier Communications Parent
Institutional investors and hedge funds have recently made changes to their positions in the business. Hexagon Capital Partners LLC increased its position in Frontier Communications Parent by 120.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares during the period. GAMMA Investing LLC acquired a new position in shares of Frontier Communications Parent in the fourth quarter valued at approximately $31,000. Neo Ivy Capital Management purchased a new stake in shares of Frontier Communications Parent during the fourth quarter worth approximately $49,000. Game Plan Financial Advisors LLC lifted its holdings in shares of Frontier Communications Parent by 320.0% during the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $51,000 after purchasing an additional 1,600 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $52,000.
Frontier Communications Parent Company Profile
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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