Frontier Communications Parent (NASDAQ:FYBR) Stock Rating Reaffirmed by Benchmark

Frontier Communications Parent (NASDAQ:FYBR)‘s stock had its “buy” rating restated by analysts at Benchmark in a research note issued to investors on Thursday, Benzinga reports. They presently have a $37.00 target price on the stock. Benchmark’s target price points to a potential upside of 5.14% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Citigroup lifted their price objective on shares of Frontier Communications Parent from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their price objective on Frontier Communications Parent from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, August 5th. UBS Group assumed coverage on Frontier Communications Parent in a report on Thursday, July 18th. They set a “buy” rating and a $33.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.13.

Frontier Communications Parent Trading Down 9.0 %

Shares of NASDAQ:FYBR traded down $3.49 during mid-day trading on Thursday, reaching $35.19. 20,659,523 shares of the company’s stock were exchanged, compared to its average volume of 1,756,880. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.87. Frontier Communications Parent has a twelve month low of $13.66 and a twelve month high of $39.21. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 319.09 and a beta of 1.08. The business’s fifty day moving average price is $27.80 and its 200-day moving average price is $25.63.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm earned ($0.01) earnings per share. Frontier Communications Parent’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that Frontier Communications Parent will post -0.79 EPS for the current fiscal year.

Institutional Trading of Frontier Communications Parent

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capstone Investment Advisors LLC acquired a new position in Frontier Communications Parent during the 1st quarter valued at about $1,817,000. Norges Bank acquired a new position in shares of Frontier Communications Parent during the fourth quarter valued at about $50,269,000. Sunriver Management LLC purchased a new position in shares of Frontier Communications Parent in the 4th quarter valued at approximately $16,255,000. NBC Securities Inc. boosted its stake in Frontier Communications Parent by 26,121.9% in the 1st quarter. NBC Securities Inc. now owns 87,581 shares of the company’s stock worth $2,145,000 after purchasing an additional 87,247 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Frontier Communications Parent during the 1st quarter worth approximately $1,449,000.

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.