Frontier Communications Parent (NASDAQ:FYBR) Raised to “Buy” at Citigroup

Citigroup upgraded shares of Frontier Communications Parent (NASDAQ:FYBR) from a neutral rating to a buy rating in a report issued on Monday, Marketbeat.com reports. Citigroup currently has $30.00 price target on the stock, up from their prior price target of $28.00.

Separately, Bank of America began coverage on Frontier Communications Parent in a research report on Tuesday, April 9th. They set a buy rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, Frontier Communications Parent has an average rating of Moderate Buy and a consensus target price of $27.43.

Frontier Communications Parent Stock Down 3.9 %

NASDAQ:FYBR opened at $22.75 on Monday. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.22 and a quick ratio of 1.22. The company’s fifty day moving average price is $23.46 and its 200-day moving average price is $22.11. Frontier Communications Parent has a 1-year low of $11.65 and a 1-year high of $25.89. The firm has a market capitalization of $5.65 billion, a P/E ratio of 189.58 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. As a group, equities research analysts anticipate that Frontier Communications Parent will post -0.44 EPS for the current year.

Institutional Trading of Frontier Communications Parent

Institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC lifted its position in shares of Frontier Communications Parent by 120.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 532 shares in the last quarter. GAMMA Investing LLC purchased a new position in Frontier Communications Parent during the fourth quarter valued at $31,000. Geneos Wealth Management Inc. purchased a new position in Frontier Communications Parent during the first quarter valued at $35,000. Captrust Financial Advisors grew its position in shares of Frontier Communications Parent by 2,698.5% in the second quarter. Captrust Financial Advisors now owns 1,875 shares of the company’s stock valued at $44,000 after purchasing an additional 1,808 shares during the period. Finally, Quarry LP purchased a new stake in shares of Frontier Communications Parent during the first quarter worth about $44,000.

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.