Stocks of Frontier Communications Parent Inc (FYBR) are poised to climb above their peers

With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.65 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $23.31 whereas the lowest price it dropped to was $22.25. The 52-week range on FYBR shows that it touched its highest point at $25.89 and its lowest point at $11.65 during that stretch. It currently has a 1-year price target of $33.02. Beta for the stock currently stands at 1.07.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FYBR was up-trending over the past week, with a rise of 5.67%, but this was down by -6.94% over a month. Three-month performance dropped to -7.54% while six-month performance rose 39.73%. The stock gained 8.36% in the past year, while it has lost -9.51% so far this year. A look at the trailing 12-month EPS for FYBR yields 0.12 with Next year EPS estimates of -0.35. For the next quarter, that number is -0.07. This implies an EPS growth rate of -324.26% for this year and -29.89% for next year.

Float and Shares Shorts:

At present, 245.81 million FYBR shares are outstanding with a float of 177.88 million shares on hand for trading. On 2024-04-15, short shares totaled 28.99 million, which was 1167.0 higher than short shares on 1710460800. In addition to Mr. Nicholas Simon Jeffery as the firm’s President, CEO & Director, Mr. Scott C. Beasley serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 1.09724 of FYBR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, FYBR reported revenue of $1409000000.0 and operating income of $145000000.0. The EBITDA in the recently reported quarter was $697000000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FYBR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.