Warburg Research Analysts Give freenet (FRA:FNTN) a €29.00 Price Target

freenet (FRA:FNTNGet Rating) has been given a €29.00 ($30.53) price objective by equities research analysts at Warburg Research in a note issued to investors on Friday, Borsen Zeitung reports. Warburg Research’s target price would indicate a potential upside of 32.18% from the company’s previous close.

Several other research analysts also recently commented on FNTN. Berenberg Bank set a €30.00 ($31.58) target price on freenet in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a €23.00 ($24.21) target price on freenet in a research note on Monday, February 28th. Jefferies Financial Group set a €29.80 ($31.37) target price on freenet in a research note on Thursday. Barclays set a €27.50 ($28.95) price target on freenet in a research report on Monday, April 25th. Finally, Hauck Aufhäuser Ib set a €28.00 ($29.47) price target on freenet in a research report on Monday.

Shares of FRA FNTN opened at €21.94 ($23.09) on Friday. freenet has a 52 week low of €3.22 ($3.39) and a 52 week high of €32.92 ($34.65). The business has a 50-day simple moving average of €24.53 and a two-hundred day simple moving average of €23.85.

freenet Company Profile (Get Rating)

freenet AG provides telecommunications, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It provides a portfolio of services and products primarily in the areas of mobile voice and data services. The Mobile Communications segment offers mobile communications services, such as marketing of mobile communications services, which include voice and data services from the mobile communications network operators; sells and distributes mobile communications devices, as well as offers additional services for mobile data communications and digital lifestyle; and planning, construction, installation, and maintenance services for WiFi networks.

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