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

Freenet AG (OTCMKTS:FRTAFGet Free Report) has been given an average recommendation of “Reduce” by the six brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

A number of analysts have commented on the company. HSBC downgraded Freenet to a “hold” rating in a research report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freenet in a research report on Friday, March 7th. Citigroup lowered shares of Freenet from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 29th. Finally, Oddo Bhf cut shares of Freenet to an “underperform” rating in a research note on Thursday, May 22nd.

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Freenet Stock Performance

Shares of Freenet stock opened at $33.89 on Tuesday. The company’s fifty day simple moving average is $37.92 and its 200-day simple moving average is $33.26. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 15.99 and a beta of -0.09. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.29. Freenet has a 1 year low of $33.89 and a 1 year high of $40.00.

Freenet Company Profile

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freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.

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Analyst Recommendations for Freenet (OTCMKTS:FRTAF)

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