Zacks Research Upgrades Freddie Mac (OTCMKTS:FMCC) to “Hold”

Freddie Mac (OTCMKTS:FMCC) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on FMCC. Keefe, Bruyette & Woods boosted their target price on shares of Freddie Mac from $4.50 to $11.00 and gave the company an “underperform” rating in a research note on Thursday, September 18th. Wedbush upgraded shares of Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 target price on the stock in a research note on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Freddie Mac in a report on Thursday, September 11th. They issued a “buy” rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.45.

Freddie Mac Trading Up 1.6%

Shares of OTCMKTS:FMCC opened at $10.35 on Monday. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of -1,035.00 and a beta of 1.78. Freddie Mac has a 12 month low of $2.23 and a 12 month high of $14.99. The firm’s 50-day moving average is $10.08 and its 200 day moving average is $9.47.

About Freddie Mac

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.