Frontier Communications Parent Inc (NASDAQ:FYBR) shares traded -9.51% lower at $35.00 on Wall Street last session.
FYBR stock price is now 26.30% away from the 50-day moving average and 40.52% away from the 200-day moving average. The market capitalization of the company currently stands at $8.71B.
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With the price target of $33, UBS recently initiated with Buy rating for Frontier Communications Parent Inc (NASDAQ: FYBR). On July 01, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $29, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, ARES MANAGEMENT LLC, 10% Owner bought 150,000 shares of the company’s stock on Oct 18 ’23. The stock was bought for $2,838,930 at an average price of $18.93. Upon completion of the transaction, the 10% Owner now directly owns 38,912,895 shares in the company, valued at $1.36 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18 ’23, 10% Owner ARES MANAGEMENT LLC bought 150,000 shares of the business’s stock. A total of $2,838,930 was incurred on buying the stock at an average price of $18.93. This leaves the insider owning 38,912,895 shares of the company worth $1.36 billion. A total of 27.43% of the company’s stock is owned by insiders.
During the past 12 months, Frontier Communications Parent Inc has had a low of $13.66 and a high of $39.21. As of last week, the company has a debt-to-equity ratio of 2.19, a current ratio of 0.87, and a quick ratio of 0.87. The fifty day moving average price for FYBR is $27.7127 and a two-hundred day moving average price translates $24.90805 for the stock.
The latest earnings results from Frontier Communications Parent Inc (NASDAQ: FYBR) was released for 2024-06-30. The net profit margin was -1.62% and return on equity was -1.82% for FYBR. The company reported revenue of $1.48 billion for the quarter, compared to $1.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.14 percent.
