Streetbeat News

FYBR

Frontier Communications Parent, Inc.

https://www.frontier.com

Industry

Telecommunications Services

Frontier Communications Parent, Inc., together with its subsidiaries, provides communications services for consumer and business customers in 25 states in the United States. It offers data and Internet, voice, video, and other services. The company was formerly known as Frontier Communications Corporation and changed its name to Frontier Communications Parent, Inc. in April 2021. Frontier Communications Parent, Inc. was incorporated in 1935 and is based in Norwalk, Connecticut.

Open

34.45

Mkt cap

8.6B

Volume

3.8M

High

34.62

P/E Ratio

-46.00

52-wk high

39.21

Low

34.13

Div yield

N/A

52-wk low

18.43

Frontier Communications (FYBR) released its Q3 earnings, providing insights into its revenue and EPS performance for the quarter ending September 2024. The report also compares key metrics against Wall Street estimates and the previous year's figures.

Portfolio Pulse from

November 06, 2024 | 1:15 am

Frontier Communications (FYBR) reported a Q3 loss of $0.33 per share, missing the Zacks Consensus Estimate of a $0.22 loss. However, the company exceeded revenue expectations.

Portfolio Pulse from

November 06, 2024 | 12:00 am

Institutional Shareholder Services (ISS) recommends Frontier Communications shareholders abstain from voting on Verizon's $20 billion takeover bid, suggesting the potential for more value in the future. Verizon's offer of $38.50 per share faces opposition from some shareholders, including Glendon Capital Management, which believes the offer undervalues Frontier. Frontier, however, urges shareholders to support the deal, citing it as the most favorable option.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 7:07 pm

The article highlights significant options activity in the Communication Services sector, focusing on whale alerts for various stocks. Notable mentions include bullish call options for GOOGL, GOOG, FYBR, and ROKU, bearish call options for META and BIDU, and bullish put options for DIS and ASTS.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 5:35 pm

Analysts have mixed ratings for Frontier Communications (NASDAQ:FYBR), with a recent average 12-month price target of $36.14, reflecting a 7.21% increase from the previous target. The company shows positive revenue growth but faces challenges with profitability and debt management.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 2:00 pm

Raymond James analyst Frank Louthan has downgraded Frontier Communications (NASDAQ:FYBR) from Strong Buy to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:14 pm

Endeavor Group Holdings is considering selling IMG tennis assets, while TKO Group Holdings, parent of UFC and WWE, acquired IMG's sports marketing agency in a $3.25 billion deal. TKO also announced a $2 billion share-repurchase program. PPG sold its architectural coatings business for $550 million, and J.M. Smucker sold its cookie brand for $305 million. Wolfspeed paused plans for a German plant, and Verizon offered to buy Frontier Communications.

Portfolio Pulse from Anthony Noto

October 26, 2024 | 6:31 pm

Frontier has released an investor presentation detailing the financial benefits of its proposed acquisition by Verizon. Verizon's all-cash offer of $38.50 per share is considered highly attractive, and Frontier's Board of Directors strongly recommends stockholders vote in favor of the acquisition.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 1:01 pm

Verizon Communications Inc (NYSE:VZ) has been downgraded by Keybanc Capital Markets analyst Brandon Nispel from Overweight to Sector Weight due to slower growth and declining cash flow projections for 2025. The potential acquisition of Frontier Communications Parent, Inc (NASDAQ:FYBR) is seen as a poor capital allocation decision, impacting Verizon's ability to repurchase shares.

Portfolio Pulse from Anusuya Lahiri

October 24, 2024 | 5:34 pm

Glendon Capital Management has sent a letter to the board of Frontier Communications opposing the sale to Verizon for $38.50 per share.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 12:05 pm

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