Freenet AG (OTCMKTS:FRTAF) Given Consensus Recommendation of “Reduce” by Analysts

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

A number of equities research analysts have weighed in on the stock. Oddo Bhf lowered shares of Freenet to an “underperform” rating in a research note on Thursday, May 22nd. Citigroup downgraded shares of Freenet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freenet in a report on Friday, March 7th. Finally, HSBC downgraded shares of Freenet to a “hold” rating in a report on Wednesday, May 7th.

Freenet Price Performance

Shares of OTCMKTS:FRTAF opened at $33.89 on Tuesday. The stock has a market cap of $4.03 billion, a PE ratio of 15.99 and a beta of -0.09. The company’s fifty day moving average is $38.04 and its 200 day moving average is $33.17. Freenet has a 52 week low of $33.89 and a 52 week high of $40.00. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.29.

Freenet Company Profile

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.