Fannie Mae (OTCMKTS:FNMA) Upgraded at Zacks Research

Zacks Research upgraded shares of Fannie Mae (OTCMKTS:FNMA) to a hold rating in a research report released on Monday,Zacks.com reports.

Separately, B. Riley assumed coverage on shares of Fannie Mae in a research report on Friday, September 5th. They set a “neutral” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $7.00.

Fannie Mae Price Performance

Shares of Fannie Mae stock opened at $13.93 on Monday. Fannie Mae has a twelve month low of $1.09 and a twelve month high of $15.00. The company’s fifty day moving average is $10.05 and its 200 day moving average is $9.44.

Fannie Mae Company Profile

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.