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

Cooper Investors has written an open letter to Frontier Communications opposing its acquisition by Verizon, arguing that the $38.50 offer price undervalues Frontier. They believe Frontier's standalone value is significantly higher and that remaining independent is the best outcome for shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:24 pm

Frontier Communications has been awarded the Google Verified Gold Peering Provider status, ensuring reliable connectivity for Google services. This recognition highlights Frontier's ability to provide seamless internet connections for businesses using Google applications.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:13 pm

Verizon is preparing to acquire Frontier Communications by lining up $10 billion in debt. This move is significant for both companies as it could impact their financial positions and market strategies.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:06 pm

Top Wall Street analysts have updated their price targets and ratings for several companies, including Nasdaq, Scholar Rock, Frontier Communications, CEMEX, Guidewire Software, First Solar, SolarEdge Technologies, Tetra Tech, Phillips 66, and HubSpot. These changes reflect varying outlooks on the stocks, with some receiving upgrades and others downgrades.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 12:05 pm

TD Cowen has downgraded Frontier Communications from Buy to Hold and slightly lowered its price target from $39 to $38.5.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:39 am

Verizon Communications Inc. (NYSE:VZ) plans to acquire Frontier Communications Parent, Inc. (NASDAQ:FYBR) for $20 billion. Verizon offers a 6.02% annual dividend yield, translating to $2.71 per share annually. To earn $500 monthly from dividends, an investment of approximately $99,741 is needed. Verizon's stock fell 0.4% to $45.05, but Tigress Financial raised its price target to $55.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 12:26 pm

Analysts have mixed views on Frontier Communications (NASDAQ:FYBR) with recent ratings showing a bullish trend. The average 12-month price target has increased by 7.71% to $35.36. Despite positive revenue growth, the company faces challenges with profitability and debt management.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 1:00 pm

Wolfe Research has downgraded Frontier Communications from Outperform to Peer Perform, indicating a less favorable outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:13 pm

Verizon Communications Inc (NYSE:VZ) is set to record up to $1.9 billion in costs for layoffs and asset sales in Q3 2024. The company plans to downsize 4,800 employees and discontinue certain real estate assets. Verizon recently reported a slight topline growth and agreed to acquire Frontier Communications for $20 billion.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 6:20 pm

FCC Chair Rosenworcel is advocating for increased competition to SpaceX's Starlink satellite internet service. This move could impact various telecom companies as they may seek to enter or expand in the satellite internet market.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:44 pm

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