** Shares of Frontier Airlines' parent company Frontier Group ULCC.O rise nearly 3.4% to about $4.9

** Board appoints James G. Dempsey as President and Chief Executive Officer

** Expects Q4 adj. EPS to be at higher end of previous forecast of 4 cents to 20 cents

** 2 of 12 brokerages rate stock "buy", 8 "hold" and 2 "sell"; median PT is $5.5 - data compiled by LSEG

** As of last close, ULCC down 43.2% over the past year

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))