freenet (OTCMKTS:FRTAF) Hits New 52-Week Low - Should You Sell?

Shares of freenet AG (OTCMKTS:FRTAF - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $39.73 and last traded at $39.73, with a volume of 150 shares. The stock had previously closed at $40.00.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of freenet in a report on Friday, March 7th. UBS Group lowered shares of freenet from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, HSBC downgraded freenet to a "hold" rating in a report on Wednesday.

freenet Price Performance

The firm's fifty day moving average price is $38.13 and its 200-day moving average price is $30.78. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.72 billion, a P/E ratio of 18.74 and a beta of -0.09.

freenet Company Profile

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.