Frontier Communications Parent (NASDAQ:FYBR) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Frontier Communications Parent (NASDAQ:FYBR) in a research report released on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $29.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the company. TD Cowen lowered their target price on Frontier Communications Parent from $41.00 to $39.00 and set a buy rating for the company in a report on Monday, May 6th. Bank of America started coverage on Frontier Communications Parent in a report on Tuesday, April 9th. They issued a buy rating and a $30.00 target price for the company. Finally, Citigroup upped their target price on Frontier Communications Parent from $30.00 to $32.00 and gave the stock a buy rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontier Communications Parent has an average rating of Moderate Buy and a consensus target price of $30.00.

Frontier Communications Parent Price Performance

Shares of FYBR stock opened at $26.12 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.14. Frontier Communications Parent has a twelve month low of $11.65 and a twelve month high of $27.41. The company has a market cap of $6.49 billion, a P/E ratio of 237.45 and a beta of 1.08. The business has a fifty day simple moving average of $25.57 and a 200 day simple moving average of $24.33.

Institutional Investors Weigh In On Frontier Communications Parent

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its stake in Frontier Communications Parent by 120.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares during the period. GAMMA Investing LLC acquired a new stake in Frontier Communications Parent during the fourth quarter worth approximately $31,000. Neo Ivy Capital Management acquired a new stake in Frontier Communications Parent during the fourth quarter worth approximately $49,000. Game Plan Financial Advisors LLC grew its stake in Frontier Communications Parent by 320.0% during the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $51,000 after purchasing an additional 1,600 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new stake in Frontier Communications Parent during the fourth quarter worth approximately $52,000.

About Frontier Communications Parent

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.