2 weeks Ago By ABMN Staff
Wolfe Research lowered shares of Frontier Communications Parent ( NASDAQ:FYBR – Free Report ) from an outperform rating to a peer perform rating in a report published on Monday, Marketbeat Ratings reports. A number of other brokerages also recently weighed in on FYBR. JPMorgan Chase & Co.
downgraded shares of Frontier Communications Parent from an overweight rating to a neutral rating and boosted their price objective for the company from $35.00 to $38.50 in a research report on Tuesday, September 17th.
Citigroup upped their price target on shares of Frontier Communications Parent from $32.00 to $35.00 and gave the stock a buy rating in a research note on Thursday, August 8th.
UBS Group lowered shares of Frontier Communications Parent from a strong-buy rating to a hold rating in a report on Friday, September 6th. Moffett Nathanson lowered shares of Frontier Communications Parent from a strong-buy rating to a hold rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company reiterated an equal weight rating and issued a $38.
50 price objective (up previously from $31.00) on shares of Frontier Communications Parent in a research note on Friday, September 6th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company.
According to data from MarketBeat.com, Frontier Communications Parent currently has a consensus rating of Moderate Buy and a consensus target price of $35.38.
View Our Latest Research Report on Frontier Communications Parent Frontier Communications Parent Stock Performance Frontier Communications Parent ( NASDAQ:FYBR – Get Free Report ) last issued 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 firm had revenue of $1.
48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned ($0.
01) EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year.
As a group, equities research analysts expect that Frontier Communications Parent will post -0.79 earnings per share for the current fiscal year. Institutional Inflows and Outflows Institutional investors have recently modified their holdings of the company.
Vanguard Group Inc. boosted its holdings in shares of Frontier Communications Parent by 0.5% during the 1st quarter.
Vanguard Group Inc. now owns 24,072,547 shares of the company’s stock worth $589,777,000 after buying an additional 108,344 shares during the period. Capital International Investors increased its position in Frontier Communications Parent by 0.
5% during the 1st quarter. Capital International Investors now owns 17,415,371 shares of the company’s stock worth $426,677,000 after purchasing an additional 92,944 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Frontier Communications Parent by 12.
0% during the 1st quarter. Canada Pension Plan Investment Board now owns 13,683,965 shares of the company’s stock worth $335,257,000 after purchasing an additional 1,462,646 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Frontier Communications Parent by 24.
4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock valued at $211,758,000 after acquiring an additional 1,587,145 shares during the period. Finally, Luxor Capital Group LP increased its position in Frontier Communications Parent by 1.
6% in the 2nd quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock valued at $73,208,000 after acquiring an additional 43,542 shares during the period. Frontier Communications Parent Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Frontier Communications Parent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications Parent and related companies with MarketBeat.
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