Shares of Freenet AG (OTCMKTS:FRTAF - Get Free Report) have been given a consensus rating of "Reduce" by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company.
Several brokerages have recently weighed in on FRTAF. HSBC downgraded shares of Freenet to a "hold" rating in a report on Wednesday, May 7th. Oddo Bhf downgraded Freenet to an "underperform" rating in a research note on Thursday, May 22nd. Finally, Citigroup downgraded Freenet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 29th.
View Our Latest Stock Analysis on Freenet
Freenet Price Performance
Freenet stock remained flat at $33.89 during mid-day trading on Friday. Freenet has a 52 week low of $33.89 and a 52 week high of $40.00. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.99 and a beta of -0.14. The company's fifty day simple moving average is $36.11 and its two-hundred day simple moving average is $34.04.
About Freenet
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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.
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