In last trading session, Frontier Communications Parent Inc (NASDAQ:FYBR) saw 14.97 million shares changing hands with its beta currently measuring 1.08. Company’s recent per share price level of $38.68 trading at $10.64 or 37.95% at ring of the bell on the day assigns it a market valuation of $9.63B. That closing price of FYBR’s stock is at a premium of 22.88% from its 52-week high price of $29.83 and is indicating a premium of 64.68% from its 52-week low price of $13.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.23 million shares which gives us an average trading volume of 1.52 million if we extend that period to 3-months.

For Frontier Communications Parent Inc (FYBR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.43. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.19 in the current quarter.

Frontier Communications Parent Inc (NASDAQ:FYBR) trade information

Upright in the green during last session for gaining 37.95%, in the last five days FYBR remained trading in the green while hitting it’s week-highest on Wednesday, 09/04/24 when the stock touched $38.68 price level, adding 1.35% to its value on the day. Frontier Communications Parent Inc’s shares saw a change of 52.64% in year-to-date performance and have moved 33.61% in past 5-day. Frontier Communications Parent Inc (NASDAQ:FYBR) showed a performance of 48.60% in past 30-days. Number of shares sold short was 28.33 million shares which calculate 14.07 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 29 to the stock, which implies a fall of -33.38% to its current value. Analysts have been projecting 23 as a low price target for the stock while placing it at a high target of 36. It follows that stock’s current price would jump 40.54% in reaching the projected high whereas dropping to the targeted low would mean a gain of 40.54% for stock’s current value.

Frontier Communications Parent Inc (FYBR) estimates and forecasts

Statistics highlight that Frontier Communications Parent Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 63.76% of value to its shares in past 6 months, showing an annual growth rate of -758.33% while that of industry is 16.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.80% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.46B for the same. And 10 analysts are in estimates of company making revenue of 1.46B in the next quarter. Company posted 1.44B and 1.43B of sales in current and next quarters respectively a year earlier.

Frontier Communications Parent Inc (NASDAQ:FYBR)’s Major holders

Insiders are in possession of 1.20% of company’s total shares while institution are holding 110.75 percent of that, with stock having share float percentage of 112.09%. Investors also watch the number of corporate investors in a company very closely, which is 110.75% institutions for Frontier Communications Parent Inc that are currently holding shares of the company. ARES MANAGEMENT LLC is the top institutional holder at FYBR for having 38.91 million shares of worth $1.02 billion. And as of 2024-06-30, it was holding 15.7989 of the company’s outstanding shares.

The second largest institutional holder is GLENDON CAPITAL MANAGEMENT LP, which was holding about 24.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.8318 of outstanding shares, having a total worth of $633.97 million.