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

Shares of Freenet AG (OTCMKTS:FRTAF - Get Free Report) have been given an average recommendation of "Reduce" by the six brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company.

A number of equities research analysts recently issued reports on FRTAF shares. Citigroup downgraded shares of Freenet from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 29th. Oddo Bhf cut shares of Freenet to an "underperform" rating in a research note on Thursday, May 22nd. HSBC downgraded Freenet to a "hold" rating in a report on Wednesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Freenet in a report on Friday, March 7th.

Freenet Stock Performance

OTCMKTS:FRTAF remained flat at $33.89 during trading hours on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.71 and a current ratio of 0.75. The business's fifty day moving average is $38.04 and its 200 day moving average is $33.17. Freenet has a 1-year low of $33.89 and a 1-year high of $40.00. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.99 and a beta of -0.09.

Freenet Company Profile

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.