Freenet AG (OTCMKTS:FRTAF - Get Free Report) has received an average recommendation of "Reduce" from the six brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company.
A number of equities research analysts recently weighed in on the company. Oddo Bhf cut Freenet to an "underperform" rating in a report on Thursday, May 22nd. Citigroup downgraded Freenet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th. Finally, HSBC downgraded Freenet to a "hold" rating in a research report on Wednesday, May 7th.
Get Our Latest Analysis on FRTAF
Freenet Stock Performance
Shares of FRTAF stock remained flat at $33.89 during trading hours on Friday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 15.99 and a beta of -0.14. The firm has a 50-day moving average price of $36.11 and a two-hundred day moving average price of $33.99. Freenet has a one year low of $33.89 and a one year high of $40.00.
Freenet Company Profile
(
Get Free Reportfreenet 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.
Read More
Before you consider Freenet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freenet wasn't on the list.
While Freenet currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
