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

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

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:35 pm

Frontier Communications Parent's stock is trading lower following a letter from JANA Partners urging the company's board to initiate a strategic review. JANA Partners believes that exploring strategic alternatives could enhance shareholder value and is pressing for immediate action.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:04 pm

JANA Partners, a shareholder of Frontier Communications Parent, Inc. (NASDAQ:FYBR), has sent a letter to Frontier's Board urging an immediate review of strategic alternatives to maximize shareholder value. JANA believes Frontier is undervalued and faces structural impediments that prevent it from reaching its full potential as a public company. They suggest considering a sale, strategic partnership, or divestiture of non-core assets to transition to a pure-play fiber provider. JANA highlights Frontier's poor share price performance, lack of new investor interest post-bankruptcy, and underperformance compared to peers and the S&P 500.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:48 pm

Shares of companies in the communication, media, and entertainment sectors are up due to positive market sentiment following October's softer-than-expected inflation data. This data suggests there may be less need for aggressive interest rate hikes by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:54 pm

JP Morgan analyst Philip Cusick maintains an Overweight rating on Frontier Communications (NASDAQ:FYBR) but has lowered the price target from $33 to $29.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:40 pm

Goldman Sachs analyst Brett Feldman has maintained a 'Buy' rating on Frontier Communications (NASDAQ:FYBR) but lowered the price target from $29 to $25.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:37 pm

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a Q3 FY23 revenue decline of 0.6% YoY to $1.436 billion, slightly below consensus. The company's EPS of $0.05 beat the consensus loss of $(0.06). Despite growth in fiber-based products, declines in copper-based products offset the gains. The company reiterated its FY23 adjusted EBITDA outlook of $2.11 billion - $2.16 billion. FYBR shares are trading lower by 4.77% at $17.07.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 7:28 pm

Frontier Communications has updated its FY23 guidance, reaffirming its adjusted EBITDA outlook of $2.11B - $2.16B. The company also updated its net cash interest payments to approximately $700 million, up from the previous guidance of $655 million. This change reflects the $1.6 billion of debt raised in August 2023.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:06 am

Frontier Communications has expanded its fiber network to an additional 332,000 locations in Q3. This is part of the company's ongoing efforts to increase its fiber footprint.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:01 am

Frontier Communications reported Q3 earnings of $0.05 per share, beating the analyst consensus estimate of $(0.06) by 183.33%. However, the company's quarterly sales of $1.44 billion missed the analyst consensus estimate of $1.44 billion by 0.28%.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:01 am

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