Frontier Communications Parent Inc (NASDAQ: FYBR)’s stock price has soared by 0.22 in relation to previous closing price of 35.65. Nevertheless, the company has seen a loss of -0.61% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-20 that Verizon Communications raised its dividend by 2% to $0.6775 per share, enhancing its appeal to passive income investors with a 6.2% yield. The acquisition of Frontier Communications is expected to accelerate Verizon’s Broadband growth, adding 2.2 million subscribers and enhancing competition against AT&T. Verizon’s low free cash flow-based payout ratio of 48% underscores its robust investment proposition, ensuring dividend growth potential for passive income investors.
Is It Worth Investing in Frontier Communications Parent Inc (NASDAQ: FYBR) Right Now?
Moreover, the 36-month beta value for FYBR is 1.08. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 1 as “sell.”
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The public float for FYBR is 186.84M and currently, short sellers hold a 15.61% of that float. On September 24, 2024, FYBR’s average trading volume was 2.94M shares.
FYBR’s Market Performance
The stock of Frontier Communications Parent Inc (FYBR) has seen a -0.61% decrease in the past week, with a 28.90% rise in the past month, and a 42.75% gain in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are at 3.95% for FYBR. The simple moving average for the last 20 days is 7.07% for FYBR’s stock, with a simple moving average of 38.72% for the last 200 days.
Analysts’ Opinion of FYBR
Many brokerage firms have already submitted their reports for FYBR stocks, with JP Morgan repeating the rating for FYBR by listing it as a “Neutral.” The predicted price for FYBR in the upcoming period, according to JP Morgan is $38.50 based on the research report published on September 17, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see FYBR reach a price target of $33. The rating they have provided for FYBR stocks is “Buy” according to the report published on July 18th, 2024.
Goldman gave a rating of “Buy” to FYBR, setting the target price at $29 in the report published on July 01st of the current year.
FYBR Trading at 18.84% from the 50-Day Moving Average
After a stumble in the market that brought FYBR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.88% of loss for the given period.
Volatility was left at 3.95%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +24.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.98% upper at present.
During the last 5 trading sessions, FYBR fell by -0.61%, which changed the moving average for the period of 200-days by +60.15% in comparison to the 20-day moving average, which settled at $33.73. In addition, Frontier Communications Parent Inc saw 41.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FYBR starting from ARES MANAGEMENT LLC, who purchase 150,000 shares at the price of $18.93 back on Oct 18 ’23. After this action, ARES MANAGEMENT LLC now owns 38,912,895 shares of Frontier Communications Parent Inc, valued at $2,838,930 using the latest closing price.
ARES MANAGEMENT LLC, the 10% Owner of Frontier Communications Parent Inc, purchase 150,000 shares at $18.93 during a trade that took place back on Oct 18 ’23, which means that ARES MANAGEMENT LLC is holding 38,912,895 shares at $2,838,930 based on the most recent closing price.
Stock Fundamentals for FYBR
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.44 for the gross margin
The net margin for Frontier Communications Parent Inc stands at -0.02. The total capital return value is set at 0.03. Equity return is now at value -1.82, with -0.48 for asset returns.
Based on Frontier Communications Parent Inc (FYBR), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 2.19. The interest coverage ratio of the stock is 0.66.
Currently, EBITDA for the company is 1.98 billion with net debt to EBITDA at 4.94. When we switch over and look at the enterprise to sales, we see a ratio of 3.27. The receivables turnover for the company is 13.34for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To wrap up, the performance of Frontier Communications Parent Inc (FYBR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
