Goldman Sachs analyst Brett Feldman maintained a Buy rating on Frontier Communications Parent (FYBR – Research Report) today and set a price target of $29.00. The company’s shares closed last Friday at $17.90.
Feldman covers the Communication Services sector, focusing on stocks such as T Mobile US, Frontier Communications Parent, and Warner Bros. According to TipRanks, Feldman has an average return of 4.0% and a 51.58% success rate on recommended stocks.
Currently, the analyst consensus on Frontier Communications Parent is a Moderate Buy with an average price target of $27.50.
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The company has a one-year high of $30.83 and a one-year low of $11.65. Currently, Frontier Communications Parent has an average volume of 3.39M.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FYBR in relation to earlier this year.
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Frontier Communications Parent Inc offers a variety of services to residential and business customers over its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and Frontier Secure digital protection solutions. It offers communications solutions to small, medium, and enterprise businesses.
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