Following these proceedings, Raymond James downgraded its Frontier Communications Parent Inc [FYBR] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. Wolfe Research also remained covering FYBR and has decreased its forecast on September 30, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on September 17, 2024. It rated FYBR as “a Neutral” which previously was an “an Overweight”.
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Price Performance Review of FYBR
On Tuesday, Frontier Communications Parent Inc [NASDAQ:FYBR] saw its stock jump 0.17% to $35.89. Over the last five days, the stock has gained 0.96%. Frontier Communications Parent Inc shares have risen nearly 41.63% since the year began. Nevertheless, the stocks have risen 116.07% over the past one year. While a 52-week high of $39.21 was reached on 09/04/24, a 52-week low of $16.30 was recorded on 02/23/24. SMA at 50 days reached $34.28, while 200 days put it at $27.33.
Levels Of Support And Resistance For FYBR Stock
The 24-hour chart illustrates a support level at 35.75, which if violated will result in even more drops to 35.61. On the upside, there is a resistance level at 36.02. A further resistance level may holdings at 36.15. The Relative Strength Index (RSI) on the 14-day chart is 59.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.13%. Stochastics %K at 62.61% 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 2024-10-15, dropping by -4.64 million shares to a total of 7.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 12.33 million shares. There was a decline of -60.22%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 18, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
