Fannie Mae (OTCMKTS:FNMA) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fannie Mae (OTCMKTS:FNMA) in a research note published on Thursday morning, Marketbeat reports. The firm issued a buy rating and a $20.00 target price on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. B. Riley initiated coverage on Fannie Mae in a report on Friday, September 5th. They set a “neutral” rating and a $10.00 target price on the stock. Zacks Research upgraded Fannie Mae to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.33.

Fannie Mae Trading Up 9.9%

Shares of FNMA stock opened at $15.31 on Thursday. The stock has a 50-day moving average price of $10.17 and a 200 day moving average price of $9.48. Fannie Mae has a 12 month low of $1.09 and a 12 month high of $15.70.

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.