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

Insider trades were noted in Westrock Coffee Company (NASDAQ:WEST), Ambrx Biopharma Inc. (NASDAQ:AMAM), and Frontier Communications Parent, Inc. (NASDAQ:FYBR). Westrock's Director acquired shares worth around $18.77 million, despite the company posting downbeat Q2 results. Ambrx's 10% owner acquired shares worth around $19.63 million, following Cantor Fitzgerald's reiteration of an Overweight rating and a $25 price target. Ares Partners Holdco LLC, a 10% owner of Frontier Communications, bought shares worth around $1.48 million, even as JP Morgan lowered the price target from $35 to $33.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 11:50 am

Traders are cautiously optimistic about a potential pause in rate hikes by the Federal Reserve, which could trigger a relief rally. The S&P 500 and Nasdaq futures edged higher in anticipation. Stocks were pressured on Tuesday due to a surge in bond yields, elevated oil prices, and anxiety about the Fed decision. In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.18% and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.14%. Pinterest, Inc. (NYSE:PINS) climbed over 3% in premarket trading after JPMorgan raised the price target for the stock, while Dollar General Corp. (NYSE:DG) fell about 2% in reaction to a downgrade by JPMorgan.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 11:04 am

Analysts have provided mixed ratings for Frontier Communications (NASDAQ:FYBR) in the last quarter, with 1 bullish, 2 somewhat bullish, 1 indifferent, and 1 somewhat bearish. The company has an average price target of $25.6, representing a 7.48% decrease from the previous average price target of $27.67.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 7:00 pm

JP Morgan analyst Philip Cusick maintains an Overweight rating on Frontier Communications (NASDAQ:FYBR) but lowers the price target from $35 to $33.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 3:30 pm

Frontier Communications Corporation (NASDAQ: FYBR) has announced its decision to relocate its headquarters to Dallas, Texas.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 11:31 am

Morgan Stanley analyst Simon Flannery has maintained an Underweight rating on Frontier Communications (NASDAQ:FYBR) and lowered the price target from $18 to $16.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 2:48 pm

Analysts have provided various ratings for Frontier Communications (NASDAQ:FYBR) within the last quarter, with an average price target of $25.5, implying an upside from the current price of $16.015. The current average has decreased by 15.0% from the previous average price target of $30.00.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:01 pm

Benchmark analyst Matthew Harrigan has reiterated a 'Buy' rating on Frontier Communications (NASDAQ:FYBR) and maintained a price target of $35.

Portfolio Pulse from richadhand@benzinga.com

August 29, 2023 | 2:40 pm

Frontier Communications has seen a significant increase in the volume of its September 15 $15 call options. A total of 2538 contracts were traded near the ask price of $1.154, compared to an open interest of 627 contracts. The reference price was $15.19.

Portfolio Pulse from Charles Gross

August 23, 2023 | 2:08 pm

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a Q2 FY23 revenue decline of 0.7% year-on-year to $1.45 billion, beating the consensus of $1.44 billion. The company saw declines in copper-based products but growth in fiber-based products. The company reiterated its FY23 adjusted EBITDA of $2.11 billion - $2.16 billion and targeted fiber builds to 1.3 million new locations. FYBR shares are trading higher by 4.41% at $18.59.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 5:16 pm

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