Freenet (OTCMKTS:FRTAF) Rating Lowered to “Hold” at DZ Bank

Freenet (OTCMKTS:FRTAF) was downgraded by equities research analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on FRTAF. UBS Group cut shares of Freenet from a “buy” rating to a “sell” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Freenet in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Freenet Stock Performance

Shares of FRTAF opened at $32.04 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.14. Freenet has a 12 month low of $30.78 and a 12 month high of $35.41. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 16.69 and a beta of -0.11. The business’s fifty day simple moving average is $34.36 and its two-hundred day simple moving average is $33.34.

About Freenet

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.