A share price of Frontier Communications Parent Inc [FYBR] is currently trading at $28.02, up 2.71%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FYBR shares have gain 9.41% over the last week, with a monthly amount glided 9.37%, and 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 July 01, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $29. Previously, Citigroup upgraded its rating to Buy on April 15, 2024, and elevated its price target to $30. On April 09, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $30 on the stock. Citigroup downgraded its rating to a Neutral and decreased its price target to $17 on July 17, 2023. Wolfe Research initiated its recommendation with a Outperform and recommended $27 as its price target on June 27, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on March 27, 2023, and downed its price target to $19. In a note dated February 27, 2023, Raymond James upgraded an Strong Buy rating on this stock but restated the target price of $37.
Frontier Communications Parent Inc experienced fluctuations in its stock price throughout the past year between $11.65 and $27.41. Currently, Wall Street analysts expect the stock to reach $29.33 within the next 12 months. Frontier Communications Parent Inc [NASDAQ: FYBR] shares were valued at $28.02 at the most recent close of the market. An investor can expect a potential return of 4.68% based on the average FYBR price forecast.
Analyzing the FYBR fundamentals
Trailing Twelve Months sales for Frontier Communications Parent Inc [NASDAQ:FYBR] were 5.77B which represents 1.53% growth. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.0%. 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 2.14.
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 27.54 points at the first support level, and at 27.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.33, and for the 2nd resistance point, it is at 28.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Frontier Communications Parent Inc [NASDAQ:FYBR] is 1.07. Also, the Quick Ratio is 1.07, while the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 258.25.
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.
