Freenet (OTCMKTS:FRTAF) Hits New 52-Week High – Time to Buy?

Freenet AG (OTCMKTS:FRTAF)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $35.41 and last traded at $35.41, with a volume of 500 shares trading hands. The stock had previously closed at $35.41.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Freenet presently has a consensus rating of “Hold”.

Freenet Price Performance

The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.21 billion, a P/E ratio of 18.44 and a beta of -0.09. The firm’s 50 day moving average price is $31.46 and its two-hundred day moving average price is $33.05.

About Freenet

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.