1 week Ago By ABMN Staff
Shares of Frontier Communications Parent, Inc. ( NASDAQ:FYBR – Get Free Report ) saw strong trading volume on Friday . 1,765,612 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 1,840,028 shares.
The stock last traded at $35.14 and had previously closed at $35.00.
Analysts Set New Price Targets A number of analysts recently commented on the stock. Moffett Nathanson cut shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Thursday. UBS Group initiated coverage on shares of Frontier Communications Parent in a research note on Thursday, July 18th.
They issued a “buy” rating and a $33.00 target price for the company. Benchmark reaffirmed a “buy” rating and issued a $37.
00 target price on shares of Frontier Communications Parent in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Frontier Communications Parent from $33.
00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup upped their target price 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company.
According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.
Check Out Our Latest Analysis on FYBR Frontier Communications Parent Stock Performance Frontier Communications Parent ( NASDAQ:FYBR – Get Free Report ) last posted 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 business had revenue of $1.
48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company earned ($0.
01) earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis.
Analysts expect that Frontier Communications Parent, Inc. will post -0.79 earnings per share for the current year.
Institutional Investors Weigh In On Frontier Communications Parent Several hedge funds have recently bought and sold shares of the company. Game Plan Financial Advisors LLC lifted its stake in Frontier Communications Parent by 23.8% in the 2nd quarter.
Game Plan Financial Advisors LLC now owns 2,600 shares of the company’s stock valued at $68,000 after purchasing an additional 500 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Frontier Communications Parent by 1.3% in the 2nd quarter.
SummerHaven Investment Management LLC now owns 44,797 shares of the company’s stock valued at $1,173,000 after purchasing an additional 585 shares during the last quarter. Wedmont Private Capital lifted its stake in Frontier Communications Parent by 6.8% in the 2nd quarter.
Wedmont Private Capital now owns 10,075 shares of the company’s stock valued at $275,000 after purchasing an additional 640 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Frontier Communications Parent by 3.0% in the 2nd quarter.
Vanguard Personalized Indexing Management LLC now owns 22,801 shares of the company’s stock valued at $597,000 after purchasing an additional 662 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Frontier Communications Parent by 11.
5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,113 shares of the company’s stock valued at $180,000 after purchasing an additional 732 shares during the last quarter.
About Frontier Communications Parent ( 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.
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