Frontier Communications (FYBR) Soars 0.08% on Acquisition Hopes

Mover TrackerWednesday, Apr 23, 2025 6:28 pm ET

1min read

Frontier Communications (FYBR) shares rose 0.08% today, marking the second consecutive day of gains, with a total increase of 0.28% over the past two days. The stock price reached its highest level since November 2024, with an intraday gain of 0.25%.

Frontier Communications has seen a significant increase in its market capitalization, reaching $9.04 billion as of April 23, 2025. This represents a 60% increase over the past year, which has likely contributed to positive investor sentiment and influenced the stock's price dynamics.

Brokerages have set an average target price of $36.07 for Frontier Communications, as of April 22, 2025. This target price can serve as a benchmark for investors, potentially influencing their buying and selling decisions and affecting the stock's price movement.

One of the most significant factors impacting Frontier Communications' stock price is the potential acquisition by Verizon Communications. Verizon has announced plans to acquire Frontier for $20 billion in cash, with the deal expected to close in approximately 18 months. This acquisition news has the potential to drive up the stock price as investors anticipate the benefits of being part of a larger telecommunications company.

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