Wells Fargo & Company reissued their equal weight rating on shares of Frontier Communications Parent (NASDAQ:FYBR – Free Report) in a research report released on Friday, MarketBeat Ratings reports. They currently have a $38.50 price target on the stock, up from their previous price target of $31.00.
Several other research analysts have also weighed in on FYBR. JPMorgan Chase & Co. upped their target price on shares of Frontier Communications Parent from $33.00 to $35.00 and gave the stock an overweight rating in a research report on Monday, August 5th. UBS Group initiated coverage on Frontier Communications Parent in a research note on Thursday, July 18th. They issued a buy rating and a $33.00 price objective on the stock. Benchmark reiterated a buy rating and issued a $37.00 price target on shares of Frontier Communications Parent in a report on Thursday, September 5th. Citigroup upped their target price on Frontier Communications Parent from $32.00 to $35.00 and gave the company a buy rating in a report on Thursday, August 8th. Finally, The Goldman Sachs Group upped their price target on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a buy rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $34.94.
View Our Latest Report on Frontier Communications Parent
Frontier Communications Parent Stock Performance
Frontier Communications Parent (NASDAQ:FYBR – Get Free Report) last released its earnings results on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business posted ($0.01) EPS. Frontier Communications Parent’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Frontier Communications Parent will post -0.79 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in Frontier Communications Parent in the second quarter worth $37,000. Neo Ivy Capital Management bought a new stake in Frontier Communications Parent in the fourth quarter valued at approximately $49,000. Cape Investment Advisory Inc. acquired a new stake in Frontier Communications Parent in the fourth quarter worth $52,000. Game Plan Financial Advisors LLC boosted its position in shares of Frontier Communications Parent by 320.0% during the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $51,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Frontier Communications Parent by 224,400.0% in the second quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock worth $55,000 after acquiring an additional 2,244 shares in the last quarter.
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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