Frontier Communications Parent Inc [NASDAQ: FYBR] stock went on an upward path that rose over 37.95% on Wednesday, amounting to a one-week price increase of more than 33.61%.
Over the last 12 months, FYBR stock rose by 137.16%. The one-year Frontier Communications Parent Inc stock forecast points to a potential downside of -12.34. The average equity rating for FYBR stock is currently 1.43, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $9.63 billion, with 245.81 million shares outstanding and 180.69 million shares in the current float. Compared to the average trading volume of 1.52M shares, FYBR stock reached a trading volume of 14965614 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Frontier Communications Parent Inc [FYBR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FYBR shares is $34.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FYBR stock is a recommendation set at 1.43. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Frontier Communications Parent Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on July 01, 2024, representing the official price target for Frontier Communications Parent Inc stock. Previously, the target price had yet another raise from $28 to $30, while Citigroup kept a Buy rating on FYBR stock.
The Average True Range (ATR) for Frontier Communications Parent Inc is set at 1.64, with the Price to Sales ratio for FYBR stock in the period of the last 12 months amounting to 1.66. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 4.81.
FYBR Stock Performance Analysis:
Frontier Communications Parent Inc [FYBR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.61. With this latest performance, FYBR shares gained by 48.60% in over the last four-week period, additionally plugging by 63.76% over the last 6 months – not to mention a rise of 137.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FYBR stock in for the last two-week period is set at 80.73, with the RSI for the last a single of trading hit 84.99, and the three-weeks RSI is set at 77.29 for Frontier Communications Parent Inc [FYBR]. The present Moving Average for the last 50 days of trading for this stock 27.71, while it was recorded at 30.49 for the last single week of trading, and 24.91 for the last 200 days.
Insight into Frontier Communications Parent Inc Fundamentals:
Frontier Communications Parent Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.87 and a Current Ratio set at 0.87.
FYBR Stock EPS
With the latest financial reports released by the company, Frontier Communications Parent Inc posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FYBR.
Frontier Communications Parent Inc [FYBR] Institutonal Ownership Details
There are presently around $110.75%, or 112.09%% of FYBR stock, in the hands of institutional investors. The top three institutional holders of FYBR stocks are: ARES MANAGEMENT LLC with ownership of 38.91 million shares, which is approximately 15.7989%. GLENDON CAPITAL MANAGEMENT LP, holding 24.22 million shares of the stock with an approximate value of $$633.97 million in FYBR stocks shares; and GLENDON CAPITAL MANAGEMENT LP, currently with $$633.15 million in FYBR stock with ownership which is approximately 9.8191%.
