Freenet AG (OTCMKTS:FRTAF) Receives Average Rating of “Reduce” from Analysts

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

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

Freenet Stock Performance

Shares of FRTAF stock opened at $33.89 on Friday. The business’s 50 day moving average is $33.89 and its two-hundred day moving average is $35.46. Freenet has a twelve month low of $33.89 and a twelve month high of $40.00. The company has a market capitalization of $4.03 billion, a P/E ratio of 14.18 and a beta of -0.13. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.14.

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