Frontier Communications Parent Sees Unusually Large Options Volume (NASDAQ:FYBR)

Frontier Communications Parent, Inc. (NASDAQ:FYBR) saw unusually large options trading on Tuesday. Investors bought 15,942 put options on the company. This is an increase of approximately 489% compared to the average daily volume of 2,707 put options.

Frontier Communications Parent Stock Down 3.9 %

Frontier Communications Parent stock opened at $22.75 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.13. The firm has a market cap of $5.65 billion, a P/E ratio of 189.58 and a beta of 1.05. The business has a fifty day moving average of $23.46 and a two-hundred day moving average of $22.11. Frontier Communications Parent has a twelve month low of $11.65 and a twelve month high of $25.89.

Frontier Communications Parent (NASDAQ:FYBR) last announced its earnings results on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. Frontier Communications Parent had a net margin of 0.50% and a return on equity of 0.56%. Frontier Communications Parent’s revenue was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. On average, analysts forecast that Frontier Communications Parent will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Frontier Communications Parent

Several institutional investors have recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC increased its stake in Frontier Communications Parent by 320.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock valued at $51,000 after purchasing an additional 1,600 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Frontier Communications Parent by 11.0% during the first quarter. Wedmont Private Capital now owns 9,435 shares of the company’s stock valued at $227,000 after buying an additional 935 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Frontier Communications Parent by 100.9% in the 1st quarter. GAMMA Investing LLC now owns 2,523 shares of the company’s stock valued at $62,000 after acquiring an additional 1,267 shares during the period. NBC Securities Inc. raised 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 acquiring an additional 87,247 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Frontier Communications Parent by 11.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,113 shares of the company’s stock worth $180,000 after acquiring an additional 732 shares during the period.

Wall Street Analysts Forecast Growth

FYBR has been the subject of a number of analyst reports. Bank of America began coverage on shares of Frontier Communications Parent in a research note on Tuesday, April 9th. They set a “buy” rating and a $30.00 target price for the company. Citigroup raised shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $30.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

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.