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

Shares of Freenet AG (OTCMKTS:FRTAF) have been given a consensus rating of “Reduce” by the six research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

Several research firms recently issued reports on FRTAF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Freenet in a research report on Wednesday, January 21st. DZ Bank lowered Freenet from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, UBS Group lowered Freenet from a “buy” rating to a “sell” rating in a research note on Wednesday, February 18th.

Freenet Stock Performance

Shares of FRTAF opened at $29.77 on Wednesday. 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 has a 50-day simple moving average of $33.21 and a two-hundred day simple moving average of $32.93. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 11.45 and a beta of -0.01. Freenet has a 52 week low of $29.77 and a 52 week high of $35.41.

Freenet (OTCMKTS:FRTAF) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The company had revenue of $712.21 million during the quarter, compared to analysts’ expectations of $611.50 million. Freenet had a return on equity of 18.46% and a net margin of 11.14%.

Freenet Company Profile

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.