Freenet AG (OTCMKTS:FRTAF) Given Average Rating of “Reduce” by Brokerages

Freenet AG (OTCMKTS:FRTAF) has been given an average recommendation of “Reduce” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company.

FRTAF has been the topic of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Freenet in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a research report on Wednesday, January 21st. UBS Group lowered shares of Freenet from a “buy” rating to a “sell” rating in a research report on Wednesday, February 18th. Finally, DZ Bank lowered shares of Freenet from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th.

Freenet Price Performance

Shares of Freenet stock opened at $29.77 on Friday. Freenet has a fifty-two week low of $29.77 and a fifty-two week high of $35.41. The firm has a market capitalization of $3.54 billion, a P/E ratio of 11.45 and a beta of -0.03. The company’s 50 day moving average price is $31.63 and its two-hundred day moving average price is $32.52.

Freenet (OTCMKTS:FRTAF) last issued its earnings results on Thursday, March 19th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Freenet had a net margin of 11.14% and a return on equity of 18.23%. The company had revenue of $712.21 million during the quarter, compared to analyst estimates of $611.50 million.

Freenet Company Profile

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.