Frontier Communications Parent (NASDAQ:FYBR) Earns Outperform Rating from Analysts at Raymond James

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.

Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in shares of Frontier Communications Parent during the second quarter worth $1,543,000. Hayden Royal LLC purchased a new stake in shares of Frontier Communications Parent during the second quarter worth $200,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Frontier Communications Parent during the second quarter worth $294,000. Sanders Morris Harris LLC purchased a new stake in shares of Frontier Communications Parent during the second quarter worth $2,452,000. Finally, CX Institutional purchased a new stake in shares of Frontier Communications Parent during the second quarter worth $76,000. 88.04% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Frontier Communications Parent (NASDAQ:FYBR)

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