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

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) have been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $35.31.

A number of equities research analysts recently issued reports on FYBR shares. New Street Research downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th.

Frontier Communications Parent Stock Down 0.1 %

FYBR stock opened at $35.76 on Tuesday. The stock has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $35.39. Frontier Communications Parent has a twelve month low of $21.31 and a twelve month high of $39.21. The firm has a market capitalization of $8.93 billion, a PE ratio of -27.72 and a beta of 1.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28). Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. On average, equities analysts predict that Frontier Communications Parent will post -1.11 EPS for the current fiscal year.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total value of $1,296,360.00. Following the transaction, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FYBR. Vanguard Group Inc. grew its position in Frontier Communications Parent by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company’s stock worth $842,412,000 after acquiring an additional 303,545 shares during the last quarter. Norges Bank bought a new position in shares of Frontier Communications Parent in the fourth quarter worth approximately $191,247,000. Tudor Investment Corp ET AL purchased a new position in shares of Frontier Communications Parent in the fourth quarter worth $114,555,000. Adage Capital Partners GP L.L.C. raised its holdings in Frontier Communications Parent by 472.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company’s stock valued at $109,295,000 after buying an additional 2,599,714 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Frontier Communications Parent by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company’s stock valued at $80,615,000 after buying an additional 12,251 shares during the period.

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.