Freenet AG (OTCMKTS:FRTAF) Receives Consensus Recommendation of “Reduce” from Analysts

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

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Freenet in a report on Tuesday, September 30th.

Freenet Stock Performance

Shares of FRTAF stock opened at $33.89 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.14. Freenet has a 12-month low of $33.89 and a 12-month high of $40.00. The stock has a market capitalization of $4.03 billion, a P/E ratio of 14.18 and a beta of -0.10. The firm’s 50 day moving average is $33.89 and its 200 day moving average is $34.88.

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.