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

Freenet logo with Computer and Technology background

Key Points

  • Freenet AG has received an average recommendation of "Reduce" from six analysts, with two rating it a sell, three a hold, and one a buy.
  • The company's recent earnings report showed $0.62 EPS, missing the estimate of $0.79, but it exceeded revenue expectations with $738.67 million reported.
  • Freenet's stock price remained flat at $33.89, with a market cap of $4.03 billion and a 52-week high of $40.00.
  • Interested in Freenet? Here are five stocks we like better.

Freenet AG (OTCMKTS:FRTAF - Get Free Report) has earned an average recommendation of "Reduce" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company.

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Freenet in a report on Tuesday.

Read Our Latest Research Report on FRTAF

Freenet Stock Performance

FRTAF stock remained flat at $33.89 during mid-day trading on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.58 and a current ratio of 0.62. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 15.99 and a beta of -0.09. The firm's fifty day simple moving average is $33.89 and its 200 day simple moving average is $36.45. Freenet has a 52 week low of $33.89 and a 52 week high of $40.00.

Freenet (OTCMKTS:FRTAF - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.17). The business had revenue of $738.67 million for the quarter, compared to analysts' expectations of $622.70 million.

Freenet Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Freenet (OTCMKTS:FRTAF)

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