Following these proceedings, TD Cowen downgraded its Frontier Communications Parent Inc [FYBR] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Peer perform”. JP Morgan also remained covering FYBR and has decreased its forecast on September 17, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. UBS started covering the stock on July 18, 2024. It rated FYBR as “a Buy”.
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Price Performance Review of FYBR
On Tuesday, Frontier Communications Parent Inc [NASDAQ:FYBR] saw its stock fall -0.45% to $35.55. Over the last five days, the stock has lost -0.45%. Frontier Communications Parent Inc shares have risen nearly 40.29% since the year began. Nevertheless, the stocks have risen 93.42% over the past one year. While a 52-week high of $39.21 was reached on 09/04/24, a 52-week low of $16.29 was recorded on 02/23/24. SMA at 50 days reached $33.51, while 200 days put it at $27.02.
Levels Of Support And Resistance For FYBR Stock
The 24-hour chart illustrates a support level at 35.31, which if violated will result in even more drops to 35.06. On the upside, there is a resistance level at 35.80. A further resistance level may holdings at 36.04. The Relative Strength Index (RSI) on the 14-day chart is 58.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.44%. Stochastics %K at 50.92% indicates the stock is a holding.
How much short interest is there in Frontier Communications Parent Inc?
A steep rise in short interest was recorded in Frontier Communications Parent Inc stocks on 2024-09-30, dropping by -20.0 million shares to a total of 9.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 29.16 million shares. There was a decline of -218.34%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 01, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $29 price target.
