Analyst Gregory Williams of TD Cowen maintained a Hold rating on Frontier Communications Parent (FYBR – Research Report), with a price target of $38.50.
Gregory Williams has given his Hold rating due to a combination of factors that reflect both positive and negative aspects of Frontier Communications Parent’s recent performance. On the positive side, the company showed strong growth in fiber Average Revenue Per User (ARPU) and fiber additions, which are expected to support EBITDA growth throughout the year. Additionally, the increase in fiber penetration in vintage homes indicates potential for further expansion in mature markets, which is a favorable sign for fiber providers.
However, there are some concerns that temper the overall outlook. The company’s EBITDA was below expectations, although this was somewhat offset by the strong fiber ARPU growth. Furthermore, while the increase in fiber additions is promising, it appears that Frontier had to invest significantly to achieve these numbers. Despite these mixed results, the anticipated closing of the deal with Verizon by the first quarter of 2026 at a set price per share provides a level of stability, justifying the Hold rating.
In another report released on April 30, Wells Fargo also reiterated a Hold rating on the stock with a $38.50 price target.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FYBR in relation to earlier this year.