Frontier Communications Parent (NASDAQ:FYBR) Reaches New 52-Week High – Should You Buy?

Frontier Communications Parent, Inc. (NASDAQ:FYBR)’s share price reached a new 52-week high on Tuesday . The company traded as high as $38.31 and last traded at $38.2450, with a volume of 1408273 shares changing hands. The stock had previously closed at $38.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Frontier Communications Parent Stock Up 0.3%

The firm’s 50-day simple moving average is $38.00 and its 200-day simple moving average is $37.41. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of -25.14 and a beta of 0.94.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.10. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Sell-side analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings in Frontier Communications Parent by 1.1% in the 2nd quarter. Intech Investment Management LLC now owns 26,171 shares of the company’s stock valued at $953,000 after buying an additional 286 shares during the period. Savant Capital LLC boosted its position in shares of Frontier Communications Parent by 2.2% during the 2nd quarter. Savant Capital LLC now owns 14,267 shares of the company’s stock valued at $519,000 after acquiring an additional 308 shares in the last quarter. QRG Capital Management Inc. increased its stake in Frontier Communications Parent by 5.0% in the second quarter. QRG Capital Management Inc. now owns 6,635 shares of the company’s stock valued at $242,000 after acquiring an additional 317 shares during the period. PNC Financial Services Group Inc. increased its stake in Frontier Communications Parent by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,758 shares of the company’s stock valued at $319,000 after acquiring an additional 341 shares during the period. Finally, United Capital Financial Advisors LLC raised its position in Frontier Communications Parent by 6.5% in the third quarter. United Capital Financial Advisors LLC now owns 6,713 shares of the company’s stock worth $251,000 after purchasing an additional 407 shares in the last quarter.

About Frontier Communications Parent

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.