JPMorgan Chase & Co. Increases Frontier Communications Parent (NASDAQ:FYBR) Price Target to $35.00

Frontier Communications Parent (NASDAQ:FYBR) had its price objective boosted by JPMorgan Chase & Co. from $33.00 to $35.00 in a research note issued to investors on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on FYBR. UBS Group initiated coverage on shares of Frontier Communications Parent in a research report on Thursday, July 18th. They set a buy rating and a $33.00 price objective for the company. TD Cowen lowered their price objective on Frontier Communications Parent from $41.00 to $39.00 and set a buy rating for the company in a research report on Monday, May 6th. The Goldman Sachs Group upped their target price on Frontier Communications Parent from $29.00 to $32.00 and gave the company a buy rating in a research report on Monday. Citigroup boosted their price target on Frontier Communications Parent from $30.00 to $32.00 and gave the company a buy rating in a research note on Tuesday, May 7th. Finally, Bank of America initiated coverage on shares of Frontier Communications Parent in a research note on Tuesday, April 9th. They issued a buy rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $31.88.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $27.94 on Monday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 254.00 and a beta of 1.08. 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 $13.66 and a twelve month high of $29.47. The stock has a fifty day simple moving average of $26.49 and a 200 day simple moving average of $24.93.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.38). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a net margin of 0.47% and a return on equity of 0.52%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) EPS. Sell-side analysts expect that Frontier Communications Parent will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Hexagon Capital Partners LLC lifted its position in Frontier Communications Parent by 120.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Frontier Communications Parent in the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new position in shares of Frontier Communications Parent during the second quarter valued at approximately $37,000. Neo Ivy Capital Management purchased a new position in shares of Frontier Communications Parent during the fourth quarter valued at approximately $49,000. Finally, Game Plan Financial Advisors LLC grew its holdings 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 buying an additional 1,600 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.