Freddie Mac (OTCMKTS:FMCC) Upgraded at BTIG Research

BTIG Research upgraded shares of Freddie Mac (OTCMKTS:FMCC) to a strong-buy rating in a report released on Monday,Zacks.com reports.

FMCC has been the topic of several other reports. Keefe, Bruyette & Woods reduced their price objective on Freddie Mac from $11.00 to $9.00 and set an “underperform” rating on the stock in a research note on Thursday, December 18th. Zacks Research upgraded shares of Freddie Mac to a “hold” rating in a research report on Monday, December 15th. Finally, Wedbush raised shares of Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 price target for the company in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.84.

Freddie Mac Stock Down 6.8%

OTCMKTS:FMCC opened at $7.15 on Monday. The company has a market cap of $4.65 billion, a PE ratio of -715.00 and a beta of 1.84. The business’s 50 day moving average is $9.64 and its two-hundred day moving average is $9.80. Freddie Mac has a 52 week low of $4.05 and a 52 week high of $14.99.

Freddie Mac Company Profile

Freddie Mac (OTCMKTS:FMCC), officially the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise chartered by Congress in 1970 to enhance liquidity and stability in the U.S. housing finance system. Headquartered in McLean, Virginia, the company operates under the supervision of the Federal Housing Finance Agency (FHFA) and carries a congressional mandate to support affordable, sustainable homeownership and rental housing markets nationwide.

The company’s primary business activities involve purchasing mortgage loans from approved lenders, pooling them into mortgage-backed securities (MBS), and guaranteeing the timely payment of principal and interest to investors.