While Frontier Communications Parent Inc has underperformed by -1.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FYBR rose by 31.20%, with highs and lows ranging from $27.41 to $11.65, whereas the simple moving average jumped by 24.85% in the last 200 days.
On April 15, 2024, Citigroup Upgraded Frontier Communications Parent Inc (NASDAQ: FYBR) to Buy. A report published by BofA Securities on April 09, 2024, Initiated its previous ‘Buy’ rating for FYBR. Citigroup also Downgraded FYBR shares as ‘Neutral’, setting a target price of $17 on the company’s shares in a report dated July 17, 2023. Wolfe Research Initiated an Outperform rating on June 27, 2023, and assigned a price target of $27. Morgan Stanley March 27, 2023d its ‘Equal-Weight’ rating to ‘Underweight’ for FYBR, as published in its report on March 27, 2023. Raymond James’s report from February 27, 2023 suggests a price prediction of $37 for FYBR shares, giving the stock a ‘Strong Buy’ rating. Credit Suisse also rated the stock as ‘Neutral’.
Analysis of Frontier Communications Parent Inc (FYBR)
Further, the quarter-over-quarter increase in sales is 1.53%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Frontier Communications Parent Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 0.52% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and FYBR is recording an average volume of 1.69M. On a monthly basis, the volatility of the stock is set at 4.69%, whereas on a weekly basis, it is put at 5.16%, with a gain of 11.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.02, showing growth from the present price of $25.82, which can serve as yet another indication of whether FYBR is worth investing in or should be passed over.
How Do You Analyze Frontier Communications Parent Inc Shares?
A leading company in the Telecom Services sector, Frontier Communications Parent Inc (FYBR) is based in the USA. When comparing Frontier Communications Parent Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 237.97, there is a growth in quarterly earnings of -67.21%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.64%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.49% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FYBR shares are owned by institutional investors to the tune of 83.49% at present.
