Freenet (FRTAF) Projected to Post Earnings on Thursday

Freenet (OTCMKTS:FRTAF) is expected to issue its resultson Thursday, March 26th. Analysts expect the company to announce earnings of $0.7450 per share and revenue of $611.4960 million for the quarter.

Freenet Stock Performance

Shares of OTCMKTS FRTAF opened at $32.04 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.81 billion, a P/E ratio of 16.69 and a beta of -0.11. Freenet has a 12 month low of $30.78 and a 12 month high of $35.41. The stock has a 50 day moving average of $34.44 and a 200-day moving average of $33.30.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FRTAF shares. DZ Bank downgraded Freenet from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. UBS Group downgraded shares of Freenet from a “buy” rating to a “sell” rating in a report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

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.