Frontier Communications Parent (NASDAQ:FYBR) Sees Large Volume Increase – What’s Next?

Frontier Communications Parent, Inc. (NASDAQ:FYBR) shares saw unusually-strong trading volume on Thursday . Approximately 2,216,606 shares traded hands during trading, a decline of 12% from the previous session’s volume of 2,524,551 shares.The stock last traded at $35.92 and had previously closed at $35.83.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Finally, New Street Research lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Frontier Communications Parent has an average rating of “Hold” and a consensus price target of $35.31.

Frontier Communications Parent Trading Down 0.1 %

The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a market cap of $8.96 billion, a PE ratio of -27.82 and a beta of 1.04. The company has a fifty day simple moving average of $35.82 and a two-hundred day simple moving average of $35.40.

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

Insiders Place Their Bets

In other news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the sale, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after buying an additional 425 shares during the period. Lazard Asset Management LLC purchased a new position in Frontier Communications Parent during the fourth quarter worth about $76,000. Quarry LP acquired a new stake in Frontier Communications Parent in the third quarter valued at about $91,000. Russell Investments Group Ltd. boosted its holdings in Frontier Communications Parent by 37.9% in the 4th quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company’s stock valued at $177,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Frontier Communications Parent by 36.8% in the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock valued at $209,000 after buying an additional 1,581 shares during the period.

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.