UBS has recently initiated Frontier Communications Parent Inc (FYBR) stock to Buy rating, as announced on July 18, 2024, according to Finviz. Earlier, on July 1, 2024, Goldman had initiated the stock to Buy, setting a price target of $29. Citigroup also raised Buy rating with a price target of $30. Additionally, BofA Securities initiated Buy rating on April 9, 2024, with a target price of $30. Citigroup analysts, in their report published on July 17, 2023, also reduced Neutral rating and set a price target of $17 for Frontier Communications Parent Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Frontier Communications Parent Inc (FYBR) Stock Trading Recap
On Friday, Frontier Communications Parent Inc (FYBR) stock saw a modest uptick, ending the day at $35.53 which represents a slight increase of $0.53 or 1.51% from the prior close of $35. The stock opened at $35.07 and touched a low of $35.01 during the day, reaching a high of $35.79. The volume of shares traded was 12.50 million exceeding the average volume of 2.28 million.
FYBR Stock Performance and Moving Averages
In recent trading, Frontier Communications Parent Inc (FYBR) stock price has shown some volatility, fluctuating 24.62% over the last five trades and 29.53% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 48.10%, and it has gained 35.71% in the previous three months. Currently, FYBR is trading at 21.47%, 27.31%, and 42.24% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, FYBR, a Communication Services sector stock, is trading -9.39% below its 52-week high but remains 160.01% above its 52-week low. The Average True Range (ATR) (14 days) of 1.72 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Frontier Communications Parent Inc’s Profitability and Valuation Ratios
Frontier Communications Parent Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 8.89% and a profit margin of -1.62%, with a gross margin of 48.10%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Frontier Communications Parent Inc’s market capitalization stands at $8.85 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 1.52, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.72, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 27.43% of Frontier Communications Parent Inc (FYBR)’s shares, while financial institutions hold 83.87%.
