Frontier Communications Parent, Inc. (NASDAQ:FYBR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company.

FYBR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Frontier Communications Parent in a research note on Monday, December 29th. Zacks Research upgraded shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday.

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR opened at $38.44 on Friday. The company has a 50 day simple moving average of $38.03 and a two-hundred day simple moving average of $37.43. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of -25.29 and a beta of 0.94. 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 has a 12 month low of $35.31 and a 12 month high of $38.50.

Frontier Communications Parent (NASDAQ:FYBR) last issued its earnings results on Tuesday, October 28th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. Frontier Communications Parent had a negative return on equity of 7.91% and a negative net margin of 6.24%.The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) earnings per share. As a group, analysts predict that Frontier Communications Parent will post -1.11 earnings per share for the current year.

Hedge Funds Weigh In On Frontier Communications Parent

A number of large investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in Frontier Communications Parent during the third quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its stake in Frontier Communications Parent by 957.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after acquiring an additional 699 shares during the period. Danske Bank A S acquired a new position in Frontier Communications Parent during the third quarter worth $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Frontier Communications Parent by 469.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,138 shares of the company’s stock worth $43,000 after purchasing an additional 938 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Frontier Communications Parent by 173.5% in the 3rd quarter. Covestor Ltd now owns 1,195 shares of the company’s stock valued at $45,000 after buying an additional 758 shares in the last quarter.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.