Citigroup Analysts Give freenet (FNTN) a €31.00 Price Target
freenet (FRA:FNTN) received a €31.00 ($36.90) target price from investment analysts at Citigroup in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential downside of 1.10% from the company’s previous close.
A number of other analysts have also recently issued reports on the stock. Hauck & Aufhaeuser set a €40.00 ($47.62) target price on shares of freenet and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Deutsche Bank set a €29.00 ($34.52) price objective on shares of freenet and gave the stock a “neutral” rating in a research note on Friday, November 10th. equinet set a €36.00 ($42.86) price objective on shares of freenet and gave the stock a “buy” rating in a research note on Friday, November 10th. Warburg Research set a €35.00 ($41.67) price objective on shares of freenet and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, Oddo Bhf set a €27.00 ($32.14) price objective on shares of freenet and gave the stock a “neutral” rating in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of €29.71 ($35.37).
freenet (FRA:FNTN) opened at €31.35 ($37.32) on Wednesday. freenet has a 12-month low of €3.22 ($3.83) and a 12-month high of €32.40 ($38.57).
freenet AG provides network-independent telecommunication services focusing on mobile communications, mobile Internet, TV and media, and digital lifestyle applications in Germany. It provides a portfolio of services and products primarily in the area of mobile voice and data services. The company offers its postpaid and prepaid services under the mobilcom-debitel brand, as well as no-frills services under the klarmobil, freenetMobile, callMobile, and debitel light brands.
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