Freenet (OTCMKTS:FRTAF - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.17), Zacks reports. The firm had revenue of $738.67 million for the quarter, compared to the consensus estimate of $622.70 million.
Freenet Stock Performance
OTCMKTS:FRTAF opened at $33.89 on Friday. The stock has a market capitalization of $4.03 billion, a PE ratio of 15.99 and a beta of -0.12. Freenet has a 1-year low of $33.89 and a 1-year high of $40.00. The firm has a fifty day simple moving average of $34.36 and a 200 day simple moving average of $34.67.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on FRTAF. HSBC cut shares of Freenet to a "hold" rating in a report on Wednesday, May 7th. Citigroup downgraded shares of Freenet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 29th. Finally, Oddo Bhf cut Freenet to an "underperform" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold".
Check Out Our Latest Research Report on FRTAF
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
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