Freddie Mac (OTCMKTS:FMCC) Upgraded at Zacks Research

Zacks Research upgraded shares of Freddie Mac (OTCMKTS:FMCC) to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Wedbush upgraded shares of Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 target price for the company in a research note on Friday, December 12th. Keefe, Bruyette & Woods increased their price objective on Freddie Mac from $4.50 to $11.00 and gave the company an “underperform” rating in a report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Freddie Mac in a research report on Thursday, September 11th. They issued a “buy” rating and a $25.00 price objective for the company. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.45.

Freddie Mac Price Performance

Shares of FMCC stock opened at $10.25 on Monday. The stock’s 50-day moving average is $10.05 and its 200 day moving average is $9.48. Freddie Mac has a 1-year low of $2.23 and a 1-year high of $14.99. The company has a market cap of $6.66 billion, a P/E ratio of -1,025.00 and a beta of 1.78.

Freddie Mac Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.