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

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

FYBR has been the subject of a number of recent research reports. Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. New Street Research lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th.

Insider Activity

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

Institutional Trading of Frontier Communications Parent

A number of institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after purchasing an additional 425 shares during the period. Lazard Asset Management LLC purchased a new stake in Frontier Communications Parent during the 4th quarter valued at $76,000. Quarry LP bought a new position in shares of Frontier Communications Parent during the 3rd quarter valued at $91,000. Russell Investments Group Ltd. boosted its stake in shares of Frontier Communications Parent by 37.9% in the 4th quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company’s stock worth $177,000 after buying an additional 1,399 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Frontier Communications Parent by 36.8% in the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock worth $209,000 after acquiring an additional 1,581 shares during the period.

Frontier Communications Parent Trading Down 0.1 %

NASDAQ:FYBR opened at $35.76 on Tuesday. The company has a 50-day moving average price of $35.79 and a 200-day moving average price of $35.39. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of -27.72 and a beta of 1.04. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent has a 12 month low of $21.31 and a 12 month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.47 billion. Equities analysts predict that Frontier Communications Parent will post -1.11 EPS for the current year.

About Frontier Communications Parent

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.