Freddie Mac (OTCMKTS:FMCC) Upgraded at Wedbush

Wedbush upgraded shares of Freddie Mac (OTCMKTS:FMCC) from an underperform rating to an outperform rating in a report issued on Friday, Marketbeat.com reports. Wedbush currently has $13.35 price target on the stock.

A number of other analysts also recently issued reports on FMCC. Deutsche Bank Aktiengesellschaft started coverage on Freddie Mac in a research report on Thursday, September 11th. They issued a “buy” rating and a $25.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on shares of Freddie Mac from $4.50 to $11.00 and gave the stock an “underperform” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Freddie Mac presently has an average rating of “Hold” and an average price target of $16.45.

Freddie Mac Price Performance

Shares of FMCC stock opened at $10.30 on Friday. The company has a market cap of $6.70 billion, a PE ratio of -1,030.00 and a beta of 1.78. Freddie Mac has a 1 year low of $2.23 and a 1 year high of $14.99. The stock’s 50 day simple moving average is $10.15 and its two-hundred day simple moving average is $9.44.

Freddie Mac Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.