Freenet AG (OTCMKTS:FRTAF) Receives Average Recommendation of “Reduce” from Brokerages

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

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freenet in a research note on Tuesday, September 30th.

Freenet Stock Performance

OTCMKTS:FRTAF opened at $33.89 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.14. Freenet has a twelve month low of $33.89 and a twelve month high of $40.00. The company has a fifty day moving average of $33.89 and a 200-day moving average of $36.24. The firm has a market capitalization of $4.03 billion, a P/E ratio of 15.99 and a beta of -0.13.

Freenet (OTCMKTS:FRTAF) last issued its earnings results on Thursday, August 7th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.17). The company had revenue of $738.67 million for the quarter, compared to analyst estimates of $622.70 million.

About Freenet

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.