Raymond James initiated coverage on shares of Frontier Communications Parent (NASDAQ:FYBR) in a research report sent to investors on Thursday morning, Analyst Price Targets reports. The firm issued an outperform rating and a $34.00 target price on the stock.
Several other equities analysts have also recently issued reports on FYBR. Moffett Nathanson boosted their target price on shares of Frontier Communications Parent from $31.00 to $34.00 and gave the company a buy rating in a research note on Wednesday, August 18th. The Goldman Sachs Group started coverage on shares of Frontier Communications Parent in a research report on Tuesday, July 6th. They set a buy rating and a $42.00 price objective for the company. Cowen started coverage on shares of Frontier Communications Parent in a research report on Wednesday, July 21st. They set an outperform rating and a $37.00 price objective for the company. Finally, Benchmark upped their price objective on shares of Frontier Communications Parent from $40.00 to $56.00 and gave the stock a buy rating in a research report on Wednesday, August 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Frontier Communications Parent presently has an average rating of Buy and a consensus target price of $40.60.
FYBR opened at $28.59 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.65. The company has a fifty day moving average price of $30.01. Frontier Communications Parent has a 1 year low of $23.24 and a 1 year high of $33.34.
About Frontier Communications Parent
Frontier Communications Parent, Inc, together with its subsidiaries, provides various services to residential and business customers over its fiber-optic and copper networks in 25 states in the United States. It offers video, high-speed Internet, advanced voice, and Frontier Secure digital protection solutions.
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