Freenet AG (OTCMKTS:FRTAF) Given Consensus Rating of “Reduce” by Brokerages

Shares of Freenet AG (OTCMKTS:FRTAF) have earned an average rating of “Reduce” from the six analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company.

A number of equities analysts have recently commented on the stock. UBS Group downgraded shares of Freenet from a “buy” rating to a “sell” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freenet in a research report on Wednesday, January 21st. Finally, DZ Bank downgraded Freenet from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th.

Freenet Stock Performance

Shares of OTCMKTS:FRTAF opened at $32.04 on Friday. The firm has a market capitalization of $3.81 billion, a PE ratio of 16.69 and a beta of -0.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.68 and a quick ratio of 0.64. The business has a 50-day moving average of $34.44 and a two-hundred day moving average of $33.30. Freenet has a 12 month low of $30.78 and a 12 month high of $35.41.

About Freenet

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.