Frontier Communications Parent (NASDAQ:FYBR) Given Hold Rating at Benchmark

Benchmark reissued their hold rating on shares of Frontier Communications Parent (NASDAQ:FYBR) in a research note issued to investors on Tuesday,Benzinga reports.

Separately, Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Trading Up 0.3 %

NASDAQ:FYBR opened at $35.86 on Tuesday. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of -27.80 and a beta of 1.05. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent has a 1 year low of $21.31 and a 1 year high of $39.21. The business has a fifty day moving average of $35.42 and a 200-day moving average of $34.52.

Frontier Communications Parent (NASDAQ:FYBR) last released its earnings results on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.28). Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Equities analysts predict that Frontier Communications Parent will post -1.11 earnings per share for the current year.

Institutional Investors Weigh In On Frontier Communications Parent

Several large investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in shares of Frontier Communications Parent in the 3rd quarter valued at $586,000. Anthracite Investment Company Inc. purchased a new stake in Frontier Communications Parent during the third quarter valued at about $1,743,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Frontier Communications Parent in the fourth quarter worth about $9,948,000. Charles Schwab Investment Management Inc. increased its position in shares of Frontier Communications Parent by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company’s stock worth $82,108,000 after acquiring an additional 109,648 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Frontier Communications Parent during the third quarter valued at approximately $2,299,000.

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.