There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Frontier Communications Parent (FYBR – Research Report) and Spotify Technology SA (SPOT – Research Report) with bullish sentiments.
Frontier Communications Parent (FYBR)
In a report released today, Shipra Pandey from Bank of America Securities maintained a Buy rating on Frontier Communications Parent. The company’s shares closed last Tuesday at $22.15.
Currently, the analyst consensus on Frontier Communications Parent is a Strong Buy with an average price target of $34.00, implying a 56.0% upside from current levels. In a report issued on April 14, Citi also upgraded the stock to Buy with a $30.00 price target.
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Spotify Technology SA (SPOT)
Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Spotify Technology SA today and set a price target of $315.00. The company’s shares closed last Tuesday at $308.32, close to its 52-week high of $313.16.
According to TipRanks.com, Ehrlich is a 4-star analyst with an average return of
Currently, the analyst consensus on Spotify Technology SA is a Moderate Buy with an average price target of $305.21, implying a 12.1% upside from current levels. In a report issued on April 8, J.P. Morgan also maintained a Buy rating on the stock with a $320.00 price target.
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Read More on FYBR:
- Frontier Communications detected unauthorized access to IT environment
- Frontier Communications upgraded to Buy from Neutral at Citi
- Frontier Communications initiated with a Buy at BofA
- Frontier Communications receives $24.7M in grant funding by Connect Illinois
- Frontier Communications participates in a conference call with JPMorgan
