Frontier Communications Parent Inc (NASDAQ:FYBR) has a beta value of 1.10 and has seen 5.21 million shares traded in the recent trading session. The company, currently valued at $8.94B, closed the recent trade at $35.89 per share which meant it gained $0.64 on the day or 1.82% during that session. The FYBR stock price is -9.25% off its 52-week high price of $39.21 and 54.61% above the 52-week low of $16.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.91 million shares traded. The 3-month trading volume is 3.09 million shares.
The consensus among analysts is that Frontier Communications Parent Inc (FYBR) is Buy stock at the moment, with a recommendation rating of 2.67. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 8 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
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Frontier Communications Parent Inc (NASDAQ:FYBR) trade information
Sporting 1.82% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FYBR stock price touched $35.89 or saw a rise of 0.31%. Year-to-date, Frontier Communications Parent Inc shares have moved 41.64%, while the 5-day performance has seen it change 1.53%. Over the past 30 days, the shares of Frontier Communications Parent Inc (NASDAQ:FYBR) have changed -0.16%. Short interest in the company has seen 9.16 million shares shorted with days to cover at 1.59.
Wall Street analysts have a consensus price target for the stock at $38.5, which means that the shares’ value could jump 6.78% from the levels at last check today. The projected low price target is $23.0 while the price target rests at a high of $38.5. In that case, then, we find that the latest price level in today’s session is -7.27% off the targeted high while a plunge would see the stock lose 35.92% from the levels at last check today.
Frontier Communications Parent Inc (FYBR) estimates and forecasts
Figures show that Frontier Communications Parent Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 51.57% over the past 6 months, with this year growth rate of -758.33%, compared to 16.50% for the industry.
FYBR Dividends
Frontier Communications Parent Inc is expected to release its next earnings report on 2024-Oct-30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Frontier Communications Parent Inc (NASDAQ:FYBR)’s Major holders
Insiders own 1.28% of the company shares, while shares held by institutions stand at 108.12% with a share float percentage of 109.52%. Investors are also buoyed by the number of investors in a company, with Frontier Communications Parent Inc having a total of 400.0 institutions that hold shares in the company. The top two institutional holders are ARES MANAGEMENT LLC with over 38.91 million shares worth more than $1.02 billion. As of 2024-06-30, ARES MANAGEMENT LLC held 15.7989% of shares outstanding.
The other major institutional holder is GLENDON CAPITAL MANAGEMENT LP, with the holding of over 24.22 million shares as of 2024-06-30. The firm’s total holdings are worth over $633.97 million and represent 9.8318% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. As of Jun 30, 2024, the former fund manager holds about 3.20% shares in the company for having 7.97 shares of worth $285.85 million while later fund manager owns 7.79 shares of worth $279.26 million as of Jun 30, 2024, which makes it owner of about 3.13% of company’s outstanding stock.
