Frontier Communications (FYBR) Posts Overall Growth & Rallies

Frontier Communications (FYBR) is a communications provider in the US. Their products and services include broadband, data transmission, voice, wireline and local. Jeff Pierce joins Alex Coffey and Jenny Horne to discuss FYBR. He talks about how Raymond James has strong buy on the stock, Cowen has an outperform, and Goldman Sachs has a buy. He notes that revenue came in slightly above expectations and broadband net adds came in at 76,000. He goes over how FYBR is targeting 1.3M new locations in FY23. Finally, he mentions how FYBR posted fiber broadband customer growth of 17.5% since 2021. Tune in to find out more about the stock market today.