Freenet AG (OTCMKTS:FRTAF) Given Average Rating of “Reduce” by Brokerages

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

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Freenet in a research note on Tuesday.

Freenet Stock Performance

Shares of Freenet stock opened at $33.89 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $33.89 and a 200-day simple moving average of $36.37. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 15.99 and a beta of -0.13. Freenet has a 12-month low of $33.89 and a 12-month high of $40.00.

Freenet (OTCMKTS:FRTAF) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.17). The company had revenue of $738.67 million for the quarter, compared to analysts’ expectations of $622.70 million.

About Freenet

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.