According to Bloomberg Ratings, the nine research firms currently covering Frontier Communications Parent, INC (NASDAQ: FYBR) have rated “Moderate Buy” on average for the company’s stock.
This rating was given in response to the fact that Frontier Communications Parent, INC has had six recommendations made by equity research experts to purchase the stock.
In comparison, there have been two recommendations to hold onto the shares.
Most brokerages that have updated their company coverage in the most recent year have set a price target of $33.86 for the stock over the next year.
Commentary regarding FYBR has recently emerged from a variety of different brokerage firms.
Morgan Stanley raised their price target for Frontier Communications Parent from $22.00 to $23.00 in a research report made public on Thursday, December 15th.
The investment company also gave the company an “equal weight” rating for its performance in the market. While reiterating their “buy” rating on the stock, Goldman Sachs Group decreased their price objective on shares of Frontier Communications Parent from $40.00 to $32.00 in a report distributed on Thursday, November 3rd.
The report was published online.
In a research report released on Wednesday, November 9th, Citigroup rated shares of Frontier Communications Parent as a “buy” and lowered their price target for the company’s stock from $32.00 to $31.00.
The report was about Frontier Communications.
NASDAQ: FYBR was first available for trading on Friday with an opening price of $28.00.
At the moment, the share price of the company is trading at $27.57, which is higher than its 200-day moving average price of $25.62.
At this time, the price-to-earnings ratio for the company is 14.51, it has a beta value of 0.88, and its market capitalization is $6.86 billion. Over the previous year, the price of Frontier Communications Parent has fluctuated between $20.83 and $30.83, reaching a low of $20.83 and a high of $30.83, respectively.
All of the financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, add up to 1.85 and equal 1.56.
Various institutional investors, including hedge funds and other types of investment vehicles, have made recent adjustments to the stock holdings they have in their portfolios.
The value of CWM LLC’s holdings in Frontier Communications Parent increased by 2,144.9% during the third quarter of the year. Following acquiring an additional 1,051 shares during the period in question, CWM LLC now holds 1,100 shares of the company’s stock. One share of the company’s stock can currently be purchased for $26,000.
About $26,000 was added to Ellevest INC’s holdings of Frontier Communications Parent during the company’s third fiscal quarter.
A 658.7% increase in the proportion of Frontier Communications’ parent stock that Ronald Blue Trust INC owns was achieved over the final three months of 2018.
As a result of purchasing 988 additional shares during the relevant period, Ronald Blue Trust INC now has 1,138 shares of the company’s stock, which have a combined value of $27,000.
These shares were acquired during the period in question. Geneos Wealth Management INC purchased approximately 35,000 dollars worth of shares in Frontier Communications Parent during the first three months of 2018.
This item is the last, but certainly not the least, on this list.
During the third quarter, US Bancorp DE spent approximately $35,000 to acquire an additional stake in Frontier Communications Parent.
This makes it the item with the least prominence on this list.
Frontier Communications Parent, INC and its subsidiaries provide a wide variety of communication services, and they are available to consumers and businesses in 25 of the 50 states that make up the United States of America.
In addition to other services such as telephone and video conferencing, it offers data and Internet access to its customers.
In April of 2021, the corporation, formerly Frontier Communications Corporation, changed its name to Frontier Communications Parent, INC after being in operation under that name up until that point.
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