Freenet AG (OTCMKTS:FRTAF) Given Consensus Rating of "Reduce" by Analysts

Key Points

• Shares have a consensus recommendation of Reduce from six analysts (2 sell, 3 hold, 1 buy), with recent downgrades from UBS and DZ Bank while Deutsche Bank still maintains a buy.
• In the most recent quarter Freenet reported an EPS miss of $0.65 versus $0.74 expected but a revenue beat of $712.2M versus $611.5M, with a net margin of 11.14% and ROE of 18.23%.
• The stock opened at $29.77 (its 12‑month low), trades below its 50‑ and 200‑day moving averages ($31.63 and $32.52), and has a market cap of $3.54B with a PE of 11.45.

Shares of Freenet AG (OTCMKTS:FRTAF - Get Free Report) have received a consensus recommendation of "Reduce" from the six research firms that are currently covering the firm, Marketbeat Ratings 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.

A number of research analysts recently issued reports on FRTAF shares. UBS Group cut shares of Freenet from a "buy" rating to a "sell" rating in a research note on Wednesday, February 18th. Citigroup reissued a "neutral" rating on shares of Freenet in a research note on Tuesday, April 21st. DZ Bank cut shares of Freenet from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Freenet in a research note on Wednesday, January 21st.

Freenet Stock Performance

Shares of FRTAF opened at $29.77 on Friday. The firm's 50 day moving average is $31.63 and its 200-day moving average is $32.52. The stock has a market capitalization of $3.54 billion, a PE ratio of 11.45 and a beta of -0.03. Freenet has a 12 month low of $29.77 and a 12 month high of $35.41.

Freenet (OTCMKTS:FRTAF - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.09). The firm had revenue of $712.21 million during the quarter, compared to the consensus estimate of $611.50 million. Freenet had a net margin of 11.14% and a return on equity of 18.23%.

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.

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