Frontier Communications Parent (NASDAQ:FYBR) Reaches New 1-Year High – Here’s What Happened

by · The Markets Daily

Frontier Communications Parent, Inc. (NASDAQ:FYBR – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $38.05 and last traded at $38.0050, with a volume of 143578 shares traded. The stock had previously closed at $38.01.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Frontier Communications Parent in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

View Our Latest Stock Report on FYBR

Frontier Communications Parent Price Performance

The firm has a market cap of $9.51 billion, a PE ratio of -25.00 and a beta of 0.94. The company has a 50 day moving average price of $37.69 and a 200 day moving average price of $37.09. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.56.

Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) last announced its earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business posted ($0.33) earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Institutional Investors Weigh In On Frontier Communications Parent

Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in shares of Frontier Communications Parent by 5.6% during the 1st quarter. Cetera Investment Advisers now owns 18,610 shares of the company’s stock valued at $667,000 after acquiring an additional 991 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Frontier Communications Parent by 25.3% in the first quarter. Natixis Advisors LLC now owns 24,210 shares of the company’s stock valued at $868,000 after acquiring an additional 4,886 shares during the last quarter. US Bancorp DE lifted its stake in shares of Frontier Communications Parent by 5.8% in the 1st quarter. US Bancorp DE now owns 8,223 shares of the company’s stock valued at $295,000 after purchasing an additional 450 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Frontier Communications Parent by 7.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,417 shares of the company’s stock worth $302,000 after purchasing an additional 560 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Frontier Communications Parent by 0.3% during the first quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company’s stock worth $873,364,000 after buying an additional 77,795 shares during the period.

About Frontier Communications Parent

(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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