freenet (OTCMKTS:FRTAF - Get Free Report) was downgraded by analysts at Citigroup from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.
FRTAF has been the topic of a number of other reports. HSBC downgraded shares of freenet to a "hold" rating in a research note on Wednesday, May 7th. UBS Group downgraded shares of freenet from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of freenet in a research note on Friday, March 7th. Finally, Oddo Bhf downgraded shares of freenet to an "underperform" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold".
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freenet Stock Performance
FRTAF remained flat at $39.73 during trading hours on Thursday. The company has a 50 day simple moving average of $39.89 and a 200-day simple moving average of $32.12. The firm has a market cap of $4.72 billion, a PE ratio of 18.74 and a beta of -0.09. freenet has a fifty-two week low of $39.73 and a fifty-two week high of $40.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.75 and a quick ratio of 0.71.
About freenet
(
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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.
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