Frontier Communications Parent Inc [FYBR] stock is trading at $24.24, up 9.53%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FYBR shares have gain 9.24% over the last week, with a monthly amount drifted -1.38%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, Frontier to Present at Raymond James Institutional Investors Conference. In a post published today on Yahoo Finance, Frontier Communications Parent, Inc. (NASDAQ:FYBR):.
From an analyst’s perspective:
Frontier Communications Parent Inc [NASDAQ: FYBR] stock has seen the most recent analyst activity on July 17, 2023, when Citigroup downgraded its rating to a Neutral and also revised its price target to $17 from $30. Previously, Wolfe Research started tracking the stock with Outperform rating on June 27, 2023, and set its price target to $27. On March 27, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $19 on the stock. Raymond James upgraded its rating to a Strong Buy but stick to its price target of $37 on February 27, 2023. Credit Suisse initiated its recommendation with a Neutral and recommended $25 as its price target on September 09, 2022. Morgan Stanley upgraded its rating to Equal-Weight for this stock on May 26, 2022, and upped its price target to $25. In a note dated April 26, 2022, Citigroup initiated an Buy rating and provided a target price of $36 on this stock.
Frontier Communications Parent Inc [FYBR] stock has fluctuated between $11.65 and $28.28 over the past year. Currently, Wall Street analysts expect the stock to reach $32.67 within the next 12 months. Frontier Communications Parent Inc [NASDAQ: FYBR] shares were valued at $24.24 at the most recent close of the market. An investor can expect a potential return of 34.78% based on the average FYBR price forecast.
Analyzing the FYBR fundamentals
Frontier Communications Parent Inc [NASDAQ:FYBR] reported sales of 5.75B for the trailing twelve months, which represents a drop of -0.77%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.78 points at the first support level, and at 21.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.31, and for the 2nd resistance point, it is at 26.38.
Frontier Communications Parent Inc [FYBR] reported earnings per share of $0.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0.17 and a surprise factor of 170.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of -$0.07 per share, a difference of $0.12 representing a surprise of 171.40%.
Ratios To Look Out For
For context, Frontier Communications Parent Inc’s Current Ratio is 1.22. Further, the Quick Ratio stands at 1.22, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.04, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 207.89.
Transactions by insiders
Recent insider trading involved ARES MANAGEMENT LLC, 10% Owner, that happened on Oct 18 when 0.15 million shares were purchased. 10% Owner, ARES MANAGEMENT LLC completed a deal on Oct 18 to buy 0.15 million shares. Meanwhile, 10% Owner ARES MANAGEMENT LLC bought 0.15 million shares on Oct 18.
