Frontier Communications Parent (NASDAQ:FYBR) Given “Hold” Rating at Benchmark

Frontier Communications Parent (NASDAQ:FYBR)‘s stock had its “hold” rating reiterated by research analysts at Benchmark in a report issued on Tuesday,Benzinga reports.

Separately, Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.31.

Frontier Communications Parent Price Performance

NASDAQ FYBR traded up $0.08 on Tuesday, reaching $35.84. The company had a trading volume of 158,262 shares, compared to its average volume of 2,412,199. The firm’s 50 day moving average price is $35.40 and its 200 day moving average price is $34.47. Frontier Communications Parent has a 12 month low of $21.31 and a 12 month high of $39.21. The stock has a market capitalization of $8.95 billion, a PE ratio of -27.78 and a beta of 1.05. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28). The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. As a group, equities analysts predict that Frontier Communications Parent will post -1.11 earnings per share for the current year.

Institutional Trading of Frontier Communications Parent

A number of hedge funds have recently added to or reduced their stakes in the company. Neo Ivy Capital Management increased its stake in shares of Frontier Communications Parent by 88.4% in the 4th quarter. Neo Ivy Capital Management now owns 12,693 shares of the company’s stock valued at $440,000 after purchasing an additional 5,957 shares in the last quarter. CSS LLC IL acquired a new position in shares of Frontier Communications Parent during the fourth quarter valued at approximately $392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Frontier Communications Parent by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 615,088 shares of the company’s stock worth $21,344,000 after purchasing an additional 49,778 shares in the last quarter. Woodline Partners LP purchased a new position in Frontier Communications Parent in the 4th quarter valued at $31,230,000. Finally, Vident Advisory LLC grew its holdings in shares of Frontier Communications Parent by 3.8% during the fourth quarter. Vident Advisory LLC now owns 10,726 shares of the company’s stock worth $372,000 after buying an additional 390 shares in the last quarter.

Frontier Communications Parent Company Profile

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.