Frontier Communications Parent (NASDAQ:FYBR) Hits New 1-Year High – Should You Buy?

Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) hit a new 52-week high during trading on Friday . The stock traded as high as $37.26 and last traded at $37.26, with a volume of 4430280 shares. The stock had previously closed at $37.13.

Frontier Communications Parent Stock Up 0.4%

The firm has a fifty day moving average price of $36.81 and a 200 day moving average price of $36.37. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. The company has a market cap of $9.33 billion, a P/E ratio of -24.04 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR) last announced its earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.Frontier Communications Parent’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.49) EPS. Equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Hedge Funds Weigh In On Frontier Communications Parent

Several hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its holdings in Frontier Communications Parent by 41.4% in the second quarter. Osaic Holdings Inc. now owns 4,064 shares of the company’s stock valued at $148,000 after acquiring an additional 1,190 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Frontier Communications Parent by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 52,440 shares of the company’s stock valued at $1,909,000 after acquiring an additional 478 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Frontier Communications Parent by 89.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,459 shares of the company’s stock valued at $53,000 after acquiring an additional 687 shares during the last quarter. Caxton Associates LLP boosted its holdings in Frontier Communications Parent by 249.5% in the second quarter. Caxton Associates LLP now owns 1,093,846 shares of the company’s stock valued at $39,816,000 after acquiring an additional 780,846 shares during the last quarter. Finally, FORA Capital LLC boosted its holdings in Frontier Communications Parent by 817.3% in the second quarter. FORA Capital LLC now owns 64,402 shares of the company’s stock valued at $2,344,000 after acquiring an additional 57,381 shares during the last quarter.

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.