Frontier Communications Parent (NASDAQ:FYBR) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Frontier Communications Parent (NASDAQ:FYBR) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Frontier Communications Parent presently has a consensus rating of “Hold”.

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $38.48 on Wednesday. Frontier Communications Parent has a one year low of $35.31 and a one year high of $38.50. The company has a market cap of $9.63 billion, a P/E ratio of -25.31 and a beta of 0.94. The firm’s fifty day moving average price is $38.03 and its two-hundred day moving average price is $37.43. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.30 and a quick ratio of 0.30.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company posted ($0.33) EPS. Frontier Communications Parent’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities analysts expect that Frontier Communications Parent will post -1.11 earnings per share for the current year.

Institutional Trading of Frontier Communications Parent

Institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC grew its holdings in shares of Frontier Communications Parent by 201.6% during the third quarter. Voya Investment Management LLC now owns 79,008 shares of the company’s stock worth $2,951,000 after purchasing an additional 52,812 shares during the last quarter. Entropy Technologies LP acquired a new stake in Frontier Communications Parent during the 2nd quarter worth approximately $1,997,000. NINE MASTS CAPITAL Ltd bought a new stake in Frontier Communications Parent during the 2nd quarter worth approximately $3,872,000. Mint Tower Capital Management B.V. acquired a new position in Frontier Communications Parent in the 2nd quarter valued at approximately $728,000. Finally, Credit Industriel ET Commercial raised its stake in shares of Frontier Communications Parent by 62.9% during the second quarter. Credit Industriel ET Commercial now owns 355,460 shares of the company’s stock valued at $12,939,000 after acquiring an additional 137,261 shares during the last quarter.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.