Freddie Mac (OTCMKTS:FMCC) Now Covered by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has initiated coverage of Freddie Mac (OTCMKTS:FMCC), assigning a "buy" rating and a price target of $25.00, indicating a potential upside of 97.47% from the current price.
• Freddie Mac's stock opened at $12.66, with a one-year trading range between $1.06 and $13.50, alongside a current market cap of $8.23 billion.
• The company reported quarterly earnings of ($0.01) earnings per share with revenues of $5.92 billion during the last reporting period.

Research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Freddie Mac (OTCMKTS:FMCC - Get Free Report) in a research note issued on Thursday,Benzinga reports. The firm set a "buy" rating and a $25.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 97.47% from the stock's current price.

Freddie Mac Stock Performance

OTCMKTS:FMCC opened at $12.66 on Thursday. Freddie Mac has a one year low of $1.06 and a one year high of $13.50. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of -422.00 and a beta of 2.10. The firm's fifty day moving average is $8.44 and its two-hundred day moving average is $6.89.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $5.92 billion during the quarter. Freddie Mac had a net margin of 9.04% and a negative return on equity of 44.33%.

About Freddie Mac

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.

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