Frontier Communications Parent (NASDAQ:FYBR) PT Lowered to $39.00 at TD Cowen

Frontier Communications Parent (NASDAQ:FYBR) had its target price cut by TD Cowen from $41.00 to $39.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also commented on FYBR. Citigroup upgraded Frontier Communications Parent from a neutral rating to a buy rating and raised their price target for the company from $28.00 to $30.00 in a research note on Monday, April 15th. Bank of America started coverage on Frontier Communications Parent in a report on Tuesday, April 9th. They set a buy rating and a $30.00 target price for the company. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontier Communications Parent currently has a consensus rating of Moderate Buy and an average price target of $29.13.

Frontier Communications Parent Trading Down 1.8 %

FYBR stock opened at $25.36 on Monday. The company has a market capitalization of $6.30 billion, a PE ratio of 230.55 and a beta of 1.05. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.22. Frontier Communications Parent has a 12 month low of $11.65 and a 12 month high of $27.41. The firm’s 50-day moving average is $23.77 and its 200 day moving average is $22.87.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly 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. Frontier Communications Parent had a net margin of 0.47% and a return on equity of 0.52%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, research analysts anticipate that Frontier Communications Parent will post -0.2 EPS for the current year.

Hedge Funds Weigh In On Frontier Communications Parent

A number of large investors have recently bought and sold shares of FYBR. JANA Partners Management LP acquired a new position in shares of Frontier Communications Parent during the 3rd quarter worth about $129,569,000. Norges Bank purchased a new stake in Frontier Communications Parent in the fourth quarter valued at approximately $50,269,000. Glendon Capital Management LP boosted its position in shares of Frontier Communications Parent by 6.2% during the third quarter. Glendon Capital Management LP now owns 24,215,909 shares of the company’s stock worth $378,979,000 after buying an additional 1,417,609 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Frontier Communications Parent by 41.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,861,434 shares of the company’s stock valued at $123,191,000 after buying an additional 1,415,278 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Frontier Communications Parent by 14.6% in the third quarter. Canada Pension Plan Investment Board now owns 9,814,910 shares of the company’s stock valued at $153,603,000 after buying an additional 1,250,000 shares in the last quarter.

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.