Frontier Communications (FYBR) downgraded from strong-buy to hold by UBS Group, Q2 earnings miss with negative net margin.
Frontier Communications Parent (NASDAQ: FYBR) was downgraded from a strong-buy to a hold rating by UBS Group, despite mixed analyst opinions. While JPMorgan raised its price target to $35, Moffett Nathanson also downgraded the stock. The company reported a Q2 earnings miss with a negative net margin. Despite this, institutional investors have increased their stakes, and the consensus rating remains a Moderate Buy with a target price of $34.94.
September 10, 2024
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