Frontier Communications Parent (NASDAQ:FYBR) Price Target Raised to $32.00 at Citigroup

Frontier Communications Parent (NASDAQ:FYBR) had its price objective increased by research analysts at Citigroup from $30.00 to $32.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 23.08% from the stock’s current price.

Several other research firms have also recently commented on FYBR. TD Cowen cut their price objective on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday. Bank of America began coverage on shares of Frontier Communications Parent in a research report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.13.

Frontier Communications Parent Trading Down 1.1 %

Shares of NASDAQ FYBR traded down $0.29 during midday trading on Tuesday, reaching $26.00. 582,778 shares of the stock were exchanged, compared to its average volume of 1,661,309. The business has a 50-day simple moving average of $23.70 and a two-hundred day simple moving average of $22.80. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 236.64 and a beta of 1.05. Frontier Communications Parent has a 12 month low of $11.65 and a 12 month high of $27.41. 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 (NASDAQ:FYBR) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Frontier Communications Parent had a net margin of 0.47% and a return on equity of 0.52%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. As a group, equities research analysts expect that Frontier Communications Parent will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FYBR. Hexagon Capital Partners LLC grew its stake in Frontier Communications Parent by 120.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 532 shares during the last quarter. GAMMA Investing LLC acquired a new position in Frontier Communications Parent in the 4th quarter valued at about $31,000. Neo Ivy Capital Management acquired a new position in Frontier Communications Parent in the 4th quarter valued at about $49,000. Game Plan Financial Advisors LLC grew its stake in Frontier Communications Parent by 320.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock valued at $51,000 after buying an additional 1,600 shares during the last quarter. Finally, Cape Investment Advisory Inc. acquired a new position in Frontier Communications Parent in the 4th quarter valued at about $52,000.

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.