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

34.71

Mkt cap

8.7B

Volume

4M

High

34.90

P/E Ratio

-46.48

52-wk high

39.21

Low

34.71

Div yield

N/A

52-wk low

20.42

Analysts have shared mixed evaluations of Frontier Communications (NASDAQ:FYBR) over the past three months, with a majority being bullish. The average 12-month price target has increased to $32.25. Key analysts from JP Morgan, Goldman Sachs, and UBS have raised their ratings and price targets.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 5:00 pm

JP Morgan analyst Sebastiano Petti maintains an Overweight rating on Frontier Communications (NASDAQ:FYBR) and raises the price target from $33 to $35.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 1:28 pm

Goldman Sachs analyst James Schneider has maintained a Buy rating on Frontier Communications (NASDAQ:FYBR) and raised the price target from $29 to $32.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:11 pm

Frontier Communications Parent shares are trading lower after the company reported mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:44 pm

Frontier Communications (NASDAQ: FYBR) reported Q2 revenue growth of 2.1% YoY to $1.48 billion, beating estimates. However, EPS loss of $(0.49) missed expectations. The company saw significant growth in fiber broadband revenue and customer base, leading to an annual guidance hike. Despite these gains, FYBR shares traded lower by 3.74%.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 1:54 pm

Frontier Communications has updated its 2024 financial guidance, increasing the low end of its adjusted EBITDA range to $2.22-$2.25 billion from $2.20-$2.25 billion. Net cash interest payments are expected to rise to $760 million, while cash taxes are projected to decrease to $10 million.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:04 am

Frontier Communications reported Q2 2024 GAAP EPS of $(0.49), missing the estimate of $(0.16). However, sales were $1.480 billion, beating the estimate of $1.453 billion.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:01 am

Four analysts have provided ratings for Frontier Communications (NASDAQ:FYBR), with all ratings being bullish. The average 12-month price target is $33.25, down from $35.50 previously. Analysts from UBS, Goldman Sachs, Citigroup, and TD Cowen have given buy ratings with varying price targets. Despite positive revenue growth, the company faces challenges in profitability, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 9:01 pm

UBS has initiated coverage on Frontier Communications (NASDAQ:FYBR) with a Buy rating and set a price target of $33.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:29 pm

Goldman Sachs analyst James Schneider initiated coverage on the U.S. Telecom Services and infrastructure sector, highlighting the potential for gains in wireless carriers and data centers due to AI and data center demand. Verizon, AT&T, T-Mobile, and Frontier Communications received Buy ratings, while Charter Communications, Altice USA, and Lumen Technologies received Sell ratings.

Portfolio Pulse from Anusuya Lahiri

July 01, 2024 | 5:36 pm

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