Frontier Communications Parent, Inc. (NASDAQ:FYBR – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $29.13.
Several research analysts recently issued reports on FYBR shares. Citigroup increased their price objective on Frontier Communications Parent from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen dropped their target price on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Monday. Finally, Bank of America started 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 target for the company.
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Frontier Communications Parent Stock Performance
FYBR stock opened at $25.36 on Friday. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 234.73 and a beta of 1.05. Frontier Communications Parent has a twelve month low of $11.65 and a twelve month high of $27.41. The company has a quick ratio of 1.22, a current ratio of 1.07 and a debt-to-equity ratio of 2.14. The business’s fifty day simple moving average is $23.74 and its two-hundred day simple moving average is $22.85.
Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates 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 for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. Analysts predict that Frontier Communications Parent will post -0.2 earnings per share for the current year.
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.
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