Freddie Mac (OTCMKTS:FMCC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Freddie Mac (OTCMKTS:FMCC) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.17.

FMCC has been the topic of several recent analyst reports. BTIG Research lowered shares of Freddie Mac from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. Keefe, Bruyette & Woods cut their price target on shares of Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, Mizuho assumed coverage on shares of Freddie Mac in a research report on Monday, May 4th. They set an “outperform” rating and a $9.00 price target on the stock.

Freddie Mac Trading Up 3.4%

OTCMKTS:FMCC opened at $5.80 on Friday. Freddie Mac has a fifty-two week low of $3.40 and a fifty-two week high of $14.99. The stock has a fifty day moving average price of $5.99 and a 200-day moving average price of $6.59.

Freddie Mac (OTCMKTS:FMCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.01 EPS for the quarter. The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Freddie Mac had a negative return on equity of 65.39% and a net margin of 8.61%. Analysts expect that Freddie Mac will post 0.01 earnings per share for the current year.

Freddie Mac Company Profile

Freddie Mac (OTCMKTS:FMCC), officially the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise chartered by Congress in 1970 to enhance liquidity and stability in the U.S. housing finance system. Headquartered in McLean, Virginia, the company operates under the supervision of the Federal Housing Finance Agency (FHFA) and carries a congressional mandate to support affordable, sustainable homeownership and rental housing markets nationwide.

The company’s primary business activities involve purchasing mortgage loans from approved lenders, pooling them into mortgage-backed securities (MBS), and guaranteeing the timely payment of principal and interest to investors.