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home / news releases / FYBR - Goldman bearish on players in the broadband/wireless communication category

FYBR - Goldman bearish on players in the broadband/wireless communication category

Frontier Communications Parent Inc.

2024-07-01 08:42:40 ET

Goldman Sachs took a negative view of three major players in the broadband/wireless communication sector, sending shares of Charter Communications ( NASDAQ: CHTR ), Altice USA ( ATUS ), and Lumen Technologies ( LUMN ) into negative turf ahead of Monday’s regular open. Only Frontier Communications ( FYBR ) has moved higher as the bank initiated coverage of the company a Buy rating and $29 price target attributed to Frontier’s ( FYBR ) competitive position among wireline peers and its ability to successfully pivot to a broadband provider from its “legacy heritage.”...

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Goldman bearish on players in the broadband/wireless communication category
Stock Information
Company Name: Frontier Communications Parent Inc.
Stock Symbol: FYBR
Market: NASDAQ
Website: frontier.com
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