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 |
---|---|---|---|
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 |
3/27/2023 | $23.00 → $19.00 | Equal-Weight → Underweight | Morgan Stanley |
2/27/2023 | $37.00 | Outperform → Strong Buy | Raymond James |
9/9/2022 | $25.00 | Neutral | Credit Suisse |
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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
Morgan Stanley downgraded Frontier Communications Parent from Equal-Weight to Underweight and set a new price target of $19.00 from $23.00 previously
Raymond James upgraded Frontier Communications Parent from Outperform to Strong Buy and set a new price target of $37.00
Credit Suisse initiated coverage of Frontier Communications Parent with a rating of Neutral and set a new price target of $25.00
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.
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
Reports Fourth-Quarter and Full-Year 2022 Financial Results Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported fourth-quarter and full-year 2022 results today. "We ended the year strong with another quarter of record operational results. We now have the fiber engine we need to power our growing digital infrastructure business. This is how we advance our purpose of Building Gigabit America," said Nick Jeffery, President and Chief Executive Officer of Frontier. "This year, we will accelerate our fiber build and give customers more reasons to choose the un-cable provider. The team is fired up and ready to return to growth in 2023." Full-Year 2022 Highlights1 Built f
Reports Third-Quarter 2022 Financial Results, Raises Cost Saving Target Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported third-quarter 2022 results today. "We delivered another quarter of record-breaking operational results," said Nick Jeffery, President and Chief Executive Officer of Frontier. "Our team set a new pace for building and selling fiber this quarter. At the same time, we radically simplified our business and delivered significant cost savings ahead of plan. This is a sign of a successful turnaround. "Our team has rallied around our purpose of Building Gigabit America and is laser-focused on executing our fiber-first strategy. As the second-largest fib
Reports Second-Quarter 2022 Financial Results and Raises Full-Year Guidance Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported second-quarter 2022 results today. "Frontier is Building Gigabit America. We are deploying fiber and connecting people to the digital society at a record pace," said Nick Jeffery, President and Chief Executive Officer of Frontier. "We have the second-largest fiber build in the country and this expansion is unlocking new opportunities to meet increased consumer demand for blazing-fast fiber broadband while driving efficiencies across our business." Mr. Jeffery continued, "In the second quarter, we saw the impact of our operational success tra
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
Company will bring fast, reliable connectivity to thousands of homes and businesses in Riverside and San Bernardino counties Frontier (NASDAQ:FYBR): What happened? Frontier secured more than $23 million in Federal Funding Account grants to expand high-speed fiber broadband service to unserved and underserved homes and businesses in California. The three grants from the California Public Utility Commission will enable us to expand our fiber-optic network in San Bernardino and Riverside counties. Why it matters: With these grants, we will bring fast, reliable connectivity to homes and businesses in the San Bernardino and Riverside areas, boosting economic and educational opportunities f
Sets new internet standard, again, with 7 Gig offer that combines superior fiber product with premium services Frontier (NASDAQ:FYBR): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240826610769/en/(Graphic: Business Wire) What's happening: Frontier is unleashing our fastest network-wide speeds with the launch of 7 Gig fiber internet service to consumers across our entire fiber footprint. We led the industry as the first major ISP to roll out 2 Gig and 5 Gig network wide, and now, we are doing it again. We are combining lightning-fast 7 Gig speeds with our premium services to give people the best possible internet experience.
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
Partners with Nokia to unlock record-breaking speeds with scale and efficiency Frontier (NASDAQ:FYBR): What's happening: Frontier, in partnership with Nokia, is the first company in North America to successfully trial record-breaking broadband speeds of 100G, 50G, 25G, and 10G Passive Optical Networks (PON) technologies simultaneously, all on our existing network. Why it matters: This trial demonstrates that as new technologies become available, we can easily adapt and use fiber that was built decades ago and fiber that will be in the ground decades from now to meet the increasing demand for ultra-fast connectivity. How it works: Today, our network supports 10G and 25G fiber speeds
Makes setting up high-speed fiber internet more convenient Frontier (NASDAQ:FYBR): What's happening: Today, Frontier introduced a self-installation option that allows customers to set up high-speed fiber internet at their convenience. Why we're doing it: People have busy schedules and want service options that save time and provide flexibility. Self-installation is the latest of our self-service options, which also include our mobile app and conversational-AI chatbot. Another reason we're doing it: Our self-installation option makes setting up fiber internet quick and easy. With our customers handling installation, it frees us up to expand access to our fiber internet to more homes
Connecting more customers and dominating speedtests nationwide Frontier (NASDAQ:FYBR): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240717107732/en/(Graphic: Business Wire) What we did: Frontier Fiber tops the latest Ookla® Speedtest® charts on things that matter most to our growing customer base: fast and reliable internet speeds. Why it matters: As the largest pure-play fiber provider in the country, Frontier is revolutionizing the way people experience the internet. Today, we provide blazing-fast fiber internet to over 2 million people nationwide, more than doubling our fiber customer base since 2020. As we connect more
Frontier Communications Parent, Inc. (NASDAQ:FYBR): What we did: Frontier expands access to more than 1 million homes and businesses across the state of Connecticut. Why it matters: According to the latest Connecticut Broadband Report, there is an increasing demand for data and higher adoption of speeds across the state. The people of Connecticut want and need faster, more reliable internet. In the past three years, we have delivered high-speed fiber internet access to over 1 million homes and businesses statewide, leading to a 475% increase in the state's total fiber locations in 2021. What it means for Connecticut: Frontier's high-speed fiber internet far exceeds the legacy options
Company will bring fast, reliable connectivity to homes and businesses across Michigan Frontier 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). Why it matters: With this grant, we will expand our fast, reliable fiber-optic network across Clinton County, Michigan. This investment will bring high-speed internet access to thousands of unserved and underserved homes and businesses, boosting economic growth and educational opportunities throughout t
Frontier Communications Parent, Inc. (NASDAQ:FYBR): What's happening? Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") today announced it will report its second-quarter 2024 financial results on Friday, August 2, 2024. When and where? Frontier will present its results on a webcast beginning at 8:30 a.m. ET. Access instructions and presentation materials, including Frontier's earnings release and trending schedule, will be available at 7:00 a.m. ET on Frontier's Investor Relations website. About Frontier Frontier (NASDAQ:FYBR) is the largest pure-play fiber provider in the U.S. Driven by our purpose, Building Gigabit America®, we deliver blazing-fast broadband conn
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,