Freenet AG (OTCMKTS:FRTAF) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Freenet AG (OTCMKTS:FRTAF) have earned a consensus recommendation of “Reduce” from the six brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company.

Several equities research analysts recently issued reports on the stock. UBS Group lowered shares of Freenet from a “buy” rating to a “sell” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a research report on Wednesday, January 21st. Finally, DZ Bank downgraded shares of Freenet from a “strong-buy” rating to a “hold” rating in a report on Friday.

Freenet Stock Performance

Freenet stock opened at $32.04 on Friday. Freenet has a 12-month low of $30.78 and a 12-month high of $35.41. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $34.39 and its two-hundred day moving average price is $33.32. The stock has a market cap of $3.81 billion, a PE ratio of 16.69 and a beta of -0.11.

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.