As of March 20, 2025, Frontier Communications Parent Inc. (NASDAQ: FYBR) is seeing a steady climb in its stock price, trading at around $35.98 per share. The stock has seen some positive movement, with a 0.57% increase from the previous day’s close, sparking renewed interest among investors.
Over the past year, Frontier’s stock price has had quite the ride. It’s swung between a low of $21.31 and a high of $39.21, showcasing the volatility that investors have had to navigate. But recent developments are giving stockholders new optimism.
In September 2024, Verizon Communications made waves by announcing it was acquiring Frontier Communications in a massive $20 billion deal. The all-cash transaction, which will offer $38.50 per Frontier share, is a 44% premium over Frontier’s 90-day average stock price at the time. This offer has pushed Frontier’s stock to new levels and signals that major changes are on the horizon.
This acquisition is all about expanding Verizon’s fiber network. By integrating Frontier’s 2.2 million fiber subscribers across 25 states with Verizon’s existing 7.4 million fiber connections, the telecom giant is positioning itself to compete more effectively with rivals like AT&T. The deal is expected to close in about 18 months, meaning more exciting developments are on the way for both companies.
At the moment, Frontier’s stock price sits at $35.98, with analysts providing mixed signals. The stock’s performance has attracted a “Moderate Sell” rating, but there’s still a 7.66% upside potential according to the average 12-month price target of $38.50.
Investors are clearly keeping a close eye on this stock. While the acquisition announcement has raised expectations, it’s essential to stay updated as things progress. With the stock having already shown significant growth, the next few months could see even more action.
Key Takeaways:
- Current Stock Price: $35.98 (as of March 20, 2025)
- Recent Highs and Lows: Stock price has fluctuated between $21.31 and $39.21 over the past year.
- Acquisition News: Verizon’s $20 billion deal to buy Frontier Communications at $38.50 per share is pushing the stock higher.
- Analyst Ratings: “Moderate Sell” with a potential upside of 7.66%, based on the 12-month price target.
With Frontier Communications poised for change, the stock could see even more growth as the acquisition deal moves closer to finalization. Keep an eye on this stock, it could be the next big mover in the market!
