Fintel reports that on July 18, 2024, UBS initiated coverage of Frontier Communications Parent (NasdaqGS:FYBR) with a Buy recommendation.
Analyst Price Forecast Suggests 28.52% Upside
As of July 4, 2024, the average one-year price target for Frontier Communications Parent is $34.35/share. The forecasts range from a low of $16.16 to a high of $61.95. The average price target represents an increase of 28.52% from its latest reported closing price of $26.73 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Frontier Communications Parent is 5,937MM, an increase of 2.84%. The projected annual non-GAAP EPS is 0.24.
What is the Fund Sentiment?
There are 604 funds or institutions reporting positions in Frontier Communications Parent. This is an increase of 6 owner(s) or 1.00% in the last quarter. Average portfolio weight of all funds dedicated to FYBR is 0.64%, an increase of 5.53%. Total shares owned by institutions increased in the last three months by 0.15% to 294,055K shares. 
The put/call ratio of FYBR is 1.70, indicating a bearish outlook.
What are Other Shareholders Doing?
Ares Management holds 38,913K shares representing 15.66% ownership of the company. No change in the last quarter.
Glendon Capital Management holds 24,216K shares representing 9.74% ownership of the company. No change in the last quarter.
Cerberus Capital Management holds 24,105K shares representing 9.70% ownership of the company. In its prior filing, the firm reported owning 24,085K shares , representing an increase of 0.08%. The firm increased its portfolio allocation in FYBR by 7.34% over the last quarter.
Capital International Investors holds 17,415K shares representing 7.01% ownership of the company. In its prior filing, the firm reported owning 17,322K shares , representing an increase of 0.53%. The firm decreased its portfolio allocation in FYBR by 12.20% over the last quarter.
Canada Pension Plan Investment Board holds 13,684K shares representing 5.51% ownership of the company. In its prior filing, the firm reported owning 12,221K shares , representing an increase of 10.69%. The firm decreased its portfolio allocation in FYBR by 9.95% over the last quarter.
Frontier Communications Parent Background Information
(This description is provided by the company.)
Frontier Communications Parent, Inc. is an American telecommunications company. The company previously served primarily rural areas and smaller communities, but now also serves several large metropolitan markets.
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