J.P. Morgan Keeps Their Buy Rating on Frontier Communications Parent (FYBR)

In a report released today, Philip Cusick from J.P. Morgan maintained a Buy rating on Frontier Communications Parent (FYBRResearch Report), with a price target of $35.00. The company’s shares closed yesterday at $21.30.

According to TipRanks, Cusick is a 4-star analyst with an average return of 4.1% and a 54.17% success rate. Cusick covers the Technology sector, focusing on stocks such as Lumen Technologies, Cogent Comms, and AT&T.

Currently, the analyst consensus on Frontier Communications Parent is a Moderate Buy with an average price target of $31.00, which is a 45.54% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $32.00 price target.

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The company has a one-year high of $35.15 and a one-year low of $21.06. Currently, Frontier Communications Parent has an average volume of 1.91M.

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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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