Frontier Communications Parent, Inc., together with its subsidiaries, provides various services to residential and business customers over its fiber-optic and copper networks in 25 states in the United States. It offers video, high-speed Internet, advanced voice, and Frontier Secure digital protection solutions. The company also provides Frontier Business that offers communications solutions to small, medium, and enterprise businesses. The company was formerly known as Frontier Communications Corporation and changed its name to Frontier Communications Parent, Inc. in April 2021. Frontier Communications Parent, Inc. was incorporated in 1935 and is based in Norwalk, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: frontier.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 10/8/2024 | Buy → Hold | TD Cowen | |
| 9/30/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/17/2024 | $35.00 → $38.50 | Overweight → Neutral | JP Morgan |
| 7/18/2024 | $33.00 | Buy | UBS |
| 7/1/2024 | $29.00 | Buy | Goldman |
| 4/15/2024 | $28.00 → $30.00 | Neutral → Buy | Citigroup |
| 4/9/2024 | $30.00 | Buy | BofA Securities |
| 7/17/2023 | $30.00 → $17.00 | Buy → Neutral | Citigroup |
| 6/27/2023 | $27.00 | Outperform | Wolfe Research |
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Raymond James downgraded Frontier Communications Parent from Strong Buy to Mkt Perform
TD Cowen downgraded Frontier Communications Parent from Buy to Hold
Wolfe Research downgraded Frontier Communications Parent from Outperform to Peer Perform
JP Morgan downgraded Frontier Communications Parent from Overweight to Neutral and set a new price target of $38.50 from $35.00 previously
UBS initiated coverage of Frontier Communications Parent with a rating of Buy and set a new price target of $33.00
Goldman initiated coverage of Frontier Communications Parent with a rating of Buy and set a new price target of $29.00
Citigroup upgraded Frontier Communications Parent from Neutral to Buy and set a new price target of $30.00 from $28.00 previously
BofA Securities initiated coverage of Frontier Communications Parent with a rating of Buy and set a new price target of $30.00
Citigroup downgraded Frontier Communications Parent from Buy to Neutral and set a new price target of $17.00 from $30.00 previously
Wolfe Research initiated coverage of Frontier Communications Parent with a rating of Outperform and set a new price target of $27.00
Starboard Value LP (together with its affiliates, "Starboard" or "we") is the largest shareholder of Algonquin Power & Utilities Corp. (NYSE:AQN) (TSE: AQN) ("Algonquin" or the "Company") with an ownership stake of approximately 9.0%. Today, Starboard announced that it has nominated three highly qualified candidates (the "Starboard Nominees") for election to the Company's Board of Directors (the "Board") at the 2024 Annual General Meeting of Shareholders (the "Annual Meeting"), which has been scheduled for June 4, 2024. The Starboard Nominees are Brett Carter, Chris Lopez and Rob Schriesheim. In connection with its nominations, Starboard sent the below letter to the members of the Board.
Provides Value Creation Update Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier" or the "Company") today announced the appointment of Woody Young to its Board of Directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240205071834/en/Mr. Woody Young (Photo: Business Wire) Mr. Young is the former Chairman of Mergers and Acquisitions at Perella Weinberg Partners, where he also led the firm's U.S. telecommunications and media advisory businesses. He previously served as the Co-Head of Global Telecommunications, Media, and Technology at Lazard. "We are delighted to welcome Woody Young to Fro
Newmark's technology platform will further streamline Frontier's operations and drive efficiencies Frontier (NASDAQ:FYBR): TL;DR – The Byte-Size Download: Happening: Today, Frontier (NASDAQ:FYBR) announced it appointed Newmark, a world leader in commercial real estate, to manage its real-estate portfolio. Newmark's leading-edge, real-estate technology platform, Newlitic, and market expertise will help Frontier further streamline operations and identify cost savings opportunities. Why it Matters: Frontier's real-estate portfolio is made up of thousands of properties, including leased, owned and specialized network facilities, across 25 states. The entire portfolio will now be managed
Frontier Communications (NASDAQ:FYBR) today announced that Charlon McIntosh has been appointed Chief Customer Operations Officer. Ms. McIntosh will report directly to President and Chief Executive Officer Nick Jeffery and lead enterprise-wide customer operations that deliver superior customer service experiences across Frontier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211004005198/en/Charlon McIntosh (Photo: Business Wire) Most recently, Ms. McIntosh was Humana's Senior Vice President of Group Military Specialty Service and Business Operations, responsible for all customer support and operations for the Employer Group, Mil
Frontier Communications (NASDAQ:FYBR) today announced Melissa Pint has been appointed Chief Digital Information Officer. Ms. Pint will report directly to President and Chief Executive Officer Nick Jeffery and lead the company's digital transformation journey, overseeing digital operations and architecture, enterprise technology architecture, business processes and enhancing customer engagement initiatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211001005402/en/Melissa Pint (Photo: Business Wire) Ms. Pint brings more than two decades of leadership experience spanning technology, IT, customer strategy and operations functio
Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier" or the "Company") today announced that Margaret M. "Peggy" Smyth has been appointed to the Company's Board of Directors, effective June 30, 2021. Ms. Smyth will serve as Chair of the Board's Audit Committee and will also be a member of the Operations Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210630005885/en/Margaret M. "Peggy" Smyth (Photo: Business Wire) Ms. Smyth most recently served as Chief Financial Officer of National Grid USA from October 2014 to June 2021, overseeing all finance, accounting, transactional, and property services. John Stratton,
First-of-its-kind economic study highlights the benefits of increased investment in fiber deployment Frontier (NASDAQ:FYBR): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120922301/en/(Graphic: Business Wire) What happened: Frontier, in partnership with the Fiber Broadband Associated (FBA), today published a new study that finds deploying fiber in the U.S. could generate an estimated $3.24 trillion in economic impact by increasing housing values, lifting average household income and creating jobs. Why it matters: The U.S. currently lags behind most developed countries in fiber deployment, with approximately 62 million br
Frontier (NASDAQ:FYBR) congratulates Commissioner Brendan Carr on his appointment as Chairman of the Federal Communications Commission. "Incoming FCC Chairman Brendan Carr has consistently championed initiatives that spur broadband expansion and promote equitable access to high-speed internet," said Frontier's CEO Nick Jeffery. "His thoughtful approach to telecom policy has paved the way for impactful investments that benefit consumers and strengthen the nation's connectivity. We are looking forward to continuing our work with the FCC to bridge the digital divide and provide broadband access to more Americans." About Frontier Frontier is the largest pure-play fiber provider in the U.S
Frontier (NASDAQ:FYBR): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114768598/en/Frontier teams up with RiseUP to bring "Magic Murals" to life in Hartford, Conn. (Beyond The Light / Frontier Communications) What's the donation: Frontier is donating high-speed fiber internet to the nonprofit RiseUP Group, Inc. in Hartford, Conn. through our Broadband for Good program. This will provide RiseUP with fast, reliable connectivity to power its art and education initiatives, inspiring and uplifting communities across Connecticut. What's Broadband for Good: Broadband for Good is our commitment to advancing digital inclusion and s
Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier" or the "Company") today announced that its stockholders approved the acquisition by Verizon Communications Inc. ((NYSE, NASDAQ:VZ) ("Verizon") at its special meeting held on November 13, 2024. Approximately 63% of stockholders voted "For" the merger agreement proposal, with ten of the company's top 12 stockholders voting to approve the transaction. On September 5, 2024, Frontier and Verizon announced they had entered into a merger agreement, pursuant to which Verizon would acquire Frontier in an all-cash transaction. Frontier stockholders will receive $38.50 per share in cash, representing a premium of 37% to Frontier's unaffe
Reiterates Highly Attractive, Certain Value Delivered through an All-Cash Transaction with Verizon Disagrees with ISS' and Glass Lewis' Recommendation to Abstain from Voting on the Transaction Reaffirms Recommendation that Stockholders Vote "FOR" the Proposed Transaction with Verizon on November 13 Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") today issued the following statement in response to reports published by ISS on November 1 and Glass Lewis on November 6 regarding its proposed transaction with Verizon: Frontier disagrees with ISS' and Glass Lewis' recommendation to "Abstain" from voting on the transaction. Frontier's Board of Directors believes that Verizo
Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported third-quarter 2024 results today. Third-Quarter 2024 Highlights Added 381,000 fiber passings to reach 7.6 million total locations passed with fiber Added 108,000 fiber broadband customers, resulting in fiber broadband customer growth of 19.3% year-over-year Consumer fiber broadband ARPU of $65.40, up 1.4% year-over-year Revenue of $1.49 billion increased 3.7% year-over-year as growth in fiber-based products was partly offset by declines in copper-based products Operating income of $86 million and net loss of $82 million Adjusted EBITDA of $549 million increased 4.4% year-over-year driven by revenue grow
Frontier Communications Parent, Inc. (NASDAQ:FYBR): What's happening? Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") today announced it will report its third-quarter 2024 financial results after the market closes on Tuesday, November 5, 2024. Pending Acquisition by Verizon As previously announced, on September 4, 2024, Verizon Communications Inc. ("Verizon") and Frontier Communications Parent, Inc. entered into a definitive agreement for Verizon to acquire Frontier (the "transaction"). Due to the pending transaction, Frontier will not host a conference call to review the third quarter or provide a financial outlook. About Frontier Frontier (NASDAQ:FYBR) is the largest
Verizon's All-Cash Offer of $38.50 per Share Provides Highly Attractive Value to Frontier Stockholders Frontier's Board of Directors Strongly Recommends Stockholders Vote "FOR" the Proposed Acquisition by Verizon Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") today posted on its investor relations website and filed with the Securities and Exchange Commission an investor presentation detailing the significant value the proposed acquisition by Verizon Communications Inc. ((NYSE, NASDAQ:VZ) ("Verizon") creates for Frontier stockholders. The investor presentation is available on Frontier's Investor Relations website. Highlights from the presentation include: Verizon's best
Will Vote Against Verizon Transaction at Current Price as it Significantly Undervalues Frontier's Assets and Earnings Trajectory Frontier's Board Relied on Fundamentally Flawed DCF and Peer Analysis Believes Frontier's Enterprise Value is at Least $26 Billion, 30% Higher than the Current $20 Billion Enterprise Value Ascribed from the Verizon Transaction Urges Extension of Record Date and Date of Special Meeting of Stockholders LOS ANGELES, Oct. 23, 2024 /PRNewswire/ -- Glendon Capital Management LP ("Glendon"), a private investment firm which is one of the largest shareholders of Frontier Communications Parent, Inc. ("Frontier" or the "Company") (NASDAQ:FYBR), owning nearly 10% of the outsta
DARIEN, Conn., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Carronade Capital, an alternative asset management firm, which beneficially owns approximately 2,000,000 shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) today released a letter to fellow Frontier shareholders. The full text of the letter is below: October 21, 2024 Dear Fellow Frontier Shareholder: Carronade Capital Management, LP ("Carronade" or "we" or "us") is a registered investment manager with approximately $2 billion in assets under management. Funds managed by Carronade beneficially own approximately 2,000,000 shares of Frontier Communications Parent, Inc. ("Frontier" or "Company"). Put plainly, we believe that the cu
In the latest quarter, 4 analysts provided ratings for Frontier Communications (NASDAQ:FYBR), showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $33.25, a high estimate of $39.00, and a low estimate of $29.00. Highlighting a 6.34% decrease, the curren
UBS analyst Batya Levi initiates coverage on Frontier Communications (NASDAQ:FYBR) with a Buy rating and announces Price Target of $33.
Company will bring fast, reliable connectivity to homes and businesses across MichiganFrontier Communications Parent, Inc. (NASDAQ:FYBR):What Happened? Frontier (NASDAQ:FYBR) received $15M in grant funding to expand high-speed fiber broadband service to homes and businesses across Michigan. The grant was awarded by Realizing Opportunity with Broadband Infrastructure Networks (ROBIN).
Goldman Sachs analyst James Schneider, Ph. D., initiated coverage on the U.S. Telecom Services and infrastructure sector (14 companies) and is most constructive on wireless carriers and data centers. Schneider noted that the U.S. telecom industry is in a state of transformation. The U.S. telecom operators have refocused on their core business after emerging from a period as conglomerates marked by shareholder capital destruction. For the first time in a decade, the U.S. wireless operators are entering a period where both competitive and capital intensity are moderating simultaneously. He said this backdrop drove healthier growth and margin dynamics, with the potential for significan
Ratings for Frontier Communications (NASDAQ:FYBR) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 2 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $32.0, a high estimate of $39.00, and a low estimate of $29.00. A negative shift in se
Goldman Sachs analyst James Schneider initiates coverage on Frontier Communications (NASDAQ:FYBR) with a Buy rating and announces Price Target of $29.
It consists of $530 million 6.3% Series 2024-1, Class A-2 term notes, $73 million 7.1% Series 2024-1, Class B term notes and $147 million 11.4% Series 2024-1, Class C term notes, each with an anticipated repayment date in May 2031.
Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier" or the "Company") today announced that a limited-purpose, bankruptcy remote, indirect subsidiary of the Company intends to offer approximately $750 million aggregate principal amount of secured fiber network revenue term notes (the "Notes"), with an anticipated repayment date in May 2031, subject to market conditions and other factors. The Notes will be secured by certain of Frontier's fiber assets and associated customer contracts in North Texas and will qualify as an offering of green bonds.Frontier intends to use the net proceeds of the offering to, among other things, repay certain existing indebtedness of the Company and its
4 analysts have shared their evaluations of Frontier Communications (NASDAQ:FYBR) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 3 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Frontier Communications, presenting an average target of $32.75, a high estimate of $39.00, and a low estimate of $3
Citigroup analyst Michael Rollins maintains Frontier Communications (NASDAQ:FYBR) with a Buy and raises the price target from $30 to $32.
Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported third-quarter 2024 results today. Third-Quarter 2024 Highlights Added 381,000 fiber passings to reach 7.6 million total locations passed with fiber Added 108,000 fiber broadband customers, resulting in fiber broadband customer growth of 19.3% year-over-year Consumer fiber broadband ARPU of $65.40, up 1.4% year-over-year Revenue of $1.49 billion increased 3.7% year-over-year as growth in fiber-based products was partly offset by declines in copper-based products Operating income of $86 million and net loss of $82 million Adjusted EBITDA of $549 million increased 4.4% year-over-year driven by revenue grow
Frontier Communications Parent, Inc. (NASDAQ:FYBR): What's happening? Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") today announced it will report its third-quarter 2024 financial results after the market closes on Tuesday, November 5, 2024. Pending Acquisition by Verizon As previously announced, on September 4, 2024, Verizon Communications Inc. ("Verizon") and Frontier Communications Parent, Inc. entered into a definitive agreement for Verizon to acquire Frontier (the "transaction"). Due to the pending transaction, Frontier will not host a conference call to review the third quarter or provide a financial outlook. About Frontier Frontier (NASDAQ:FYBR) is the largest
DARIEN, Conn., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Carronade Capital, an alternative asset management firm, which beneficially owns approximately 2,000,000 shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) today released a letter to fellow Frontier shareholders. The full text of the letter is below: October 21, 2024 Dear Fellow Frontier Shareholder: Carronade Capital Management, LP ("Carronade" or "we" or "us") is a registered investment manager with approximately $2 billion in assets under management. Funds managed by Carronade beneficially own approximately 2,000,000 shares of Frontier Communications Parent, Inc. ("Frontier" or "Company"). Put plainly, we believe that the cu
Key Highlights: Increases scale with 2.2 million fiber subscribers and will extend Verizon's network reach to 25 million premises across 31 states and Washington, D.C.Transaction valued at $20 billion, expected to be accretive to revenue and Adjusted EBITDA growth upon closingVerizon reaffirms full-year 2024 guidanceProjected to generate at least $500 million in annual run-rate cost synergiesVerizon to host investor conference call today at 8:00 AM Eastern Time NEW YORK and DALLAS, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) and Frontier Communications Parent, Inc. (NASDAQ:FYBR) today announced they have entered into a definitive agreement for Verizo
Delivered accelerating revenue growth and continued strong EBITDA growth Added record fiber broadband customers while growing ARPU Set new industry standard with Net Promoter Score six times higher than closest cable competitor Raised the low end of Adjusted EBITDA guidance following strong first half performance Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported second-quarter 2024 results today. "We continued to see strong demand for our high-speed, reliable fiber internet which drove record fiber broadband net additions in the second quarter. As a result, we delivered our second successive quarter of year-over-year revenue growth and our fourth consec
Delivered year-over-year revenue growth for the first quarter since 2015 Accelerated Adjusted EBITDA growth to 5% year-over-year Accelerated fiber broadband revenue growth of 24% year-over-year driven by strong customer and ARPU growth Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported first-quarter 2024 results today. "We had a strong start to the year and achieved another major inflection point. We grew revenue year-over-year for the first time since 2015 and delivered our third consecutive quarter of Adjusted EBITDA growth," said Nick Jeffery, President and Chief Executive Officer of Frontier. "We also grew our customer base and increased ARPU in the qua
Delivered first full year of organic Adjusted EBITDA growth in more than 10 years Guides to accelerated mid-single-digit Adjusted EBITDA growth in 2024 Reached milestone of two million fiber broadband customers after doubling fiber footprint since 2020 Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported fourth-quarter and full-year 2023 results today. "Last year, we continued the relentless execution of our strategy, delivered strong financial performance, and achieved our first full year of EBITDA growth in more than a decade," said Nick Jeffery, President and Chief Executive Officer of Frontier. "In fact, Frontier has delivered the fastest EBITDA growth of
Reported year-over-year consumer revenue growth for the first time as a new public company, powered by accelerating fiber revenue growth Delivered fastest year-over-year EBITDA growth in more than six years Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported third-quarter 2023 results today. "We delivered another strong quarter of operational results, with our first consumer revenue increase as a new public company, and an acceleration in our EBITDA growth," said Nick Jeffery, President and Chief Executive Officer of Frontier. "This quarter's strong results continue to show how every day, with every new fiber customer, we become a more valuable business." "Ou
Achieved year-over-year EBITDA growth through the first half of 2023 Reported year-over-year business and wholesale revenue growth for the first time in six years Disciplined pricing actions led to approximately 3% sequential consumer fiber broadband ARPU growth Fiber securitization transaction highlights value of fiber infrastructure and unlocks attractive financing source Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported second-quarter 2023 results today. "Our second-quarter results prove once again that our fiber internet is the best technology to meet the growing demand for high-speed, reliable connectivity. This quarter, we reported solid fiber net
Delivered year-over-year EBITDA growth for the first time in more than five years Added record number of fiber broadband customers as the un-cable provider Raised cost savings target by $100 million one year ahead of plan Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported first-quarter 2023 results today. "We delivered another strong quarter and reached a critical milestone in our transformation. Thanks to our team's consistent operational performance, we achieved EBITDA growth for the first time in five years," said Nick Jeffery, President and Chief Executive Officer of Frontier. "We are creating an internet company that people love. Over the last two ye