Freddie Mac (OTCMKTS:FMCC) Shares Up 5.4% – What’s Next?

Freddie Mac (OTCMKTS:FMCC)’s stock price was up 5.4% on Wednesday . The company traded as high as $10.20 and last traded at $10.19. Approximately 629,310 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 4,021,482 shares. The stock had previously closed at $9.67.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research upgraded Freddie Mac to a “hold” rating in a report on Monday, December 15th. Deutsche Bank Aktiengesellschaft began coverage on Freddie Mac in a research note on Thursday, September 11th. They issued a “buy” rating and a $25.00 target price for the company. Wedbush raised Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 target price on the stock in a research report on Friday, December 12th. Finally, Keefe, Bruyette & Woods decreased their price target on Freddie Mac from $11.00 to $9.00 and set an “underperform” rating for the company in a research note on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.78.

Freddie Mac Stock Performance

The firm has a market cap of $6.57 billion, a price-to-earnings ratio of -1,010.00 and a beta of 1.78. The stock’s fifty day moving average is $9.95 and its two-hundred day moving average is $9.66.

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.