Frontier Communications Parent Inc [FYBR] stock prices are down -2.17% to $23.87 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FYBR shares have gain 4.97% over the last week, with a monthly amount drifted -1.81%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Frontier Communications Parent Inc [NASDAQ: FYBR] stock has seen the most recent analyst activity on April 09, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $30. Previously, Citigroup downgraded its rating to Neutral on July 17, 2023, and dropped its price target to $17. On June 27, 2023, Wolfe Research initiated with a Outperform rating and assigned a price target of $27 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $19 on March 27, 2023. Raymond James upgraded its rating to a Strong Buy but $37 remained the price target by the analyst firm on February 27, 2023. Credit Suisse started tracking with a Neutral rating for this stock on September 09, 2022, and assigned it a price target of $25. In a note dated May 26, 2022, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $24 to $25.
The stock price of Frontier Communications Parent Inc [FYBR] has been fluctuating between $11.65 and $25.89 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 $23.87 at the most recent close of the market. An investor can expect a potential return of 36.87% based on the average FYBR price forecast.
Analyzing the FYBR fundamentals
The Frontier Communications Parent Inc [NASDAQ:FYBR] reported sales of 5.75B for trailing twelve months, representing a drop of -0.77%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.15.
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 23.69 points at the first support level, and at 23.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.17, and for the 2nd resistance point, it is at 24.48.
Ratios To Look Out For
It’s worth pointing out that Frontier Communications Parent Inc [NASDAQ:FYBR]’s Current Ratio is 1.22. On the other hand, the Quick Ratio is 1.22, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 204.72.
Transactions by insiders
Recent insider trading involved ARES MANAGEMENT LLC, 10% Owner, that happened on Oct 18 ’23 when 0.15 million shares were purchased. 10% Owner, ARES MANAGEMENT LLC completed a deal on Oct 18 ’23 to buy 0.15 million shares. Meanwhile, 10% Owner ARES MANAGEMENT LLC bought 0.15 million shares on Oct 18 ’23.
