Freddie Mac (OTCMKTS:FMCC) Upgraded by BTIG Research to “Strong-Buy” Rating

Freddie Mac (OTCMKTS:FMCC) was upgraded by BTIG Research to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

FMCC has been the topic of a number of other research reports. Keefe, Bruyette & Woods cut their price target on Freddie Mac from $11.00 to $9.00 and set an “underperform” rating on the stock in a research note on Thursday, December 18th. Wedbush upgraded shares of Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 price objective for the company in a report on Friday, December 12th. Finally, Zacks Research upgraded shares of Freddie Mac to a “hold” rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.84.

Freddie Mac Trading Down 2.8%

Freddie Mac stock opened at $7.65 on Monday. The company has a market cap of $4.97 billion, a PE ratio of -765.00 and a beta of 1.84. Freddie Mac has a 1 year low of $4.05 and a 1 year high of $14.99. The company’s 50-day moving average is $9.70 and its two-hundred day moving average is $9.82.

Freddie Mac Company Profile

Freddie Mac (OTCMKTS:FMCC), officially the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise chartered by Congress in 1970 to enhance liquidity and stability in the U.S. housing finance system. Headquartered in McLean, Virginia, the company operates under the supervision of the Federal Housing Finance Agency (FHFA) and carries a congressional mandate to support affordable, sustainable homeownership and rental housing markets nationwide.

The company’s primary business activities involve purchasing mortgage loans from approved lenders, pooling them into mortgage-backed securities (MBS), and guaranteeing the timely payment of principal and interest to investors.