Freenet (OTCMKTS:FRTAF) Sets New 12-Month Low – Should You Sell?

Freenet AG (OTCMKTS:FRTAF)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $27.00 and last traded at $27.00, with a volume of 801 shares traded. The stock had previously closed at $29.77.

Analysts Set New Price Targets

Several research firms have commented on FRTAF. DZ Bank upgraded Freenet from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. UBS Group downgraded shares of Freenet from a “buy” rating to a “sell” rating in a report on Wednesday, February 18th. Finally, Citigroup reissued a “neutral” rating on shares of Freenet in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Freenet presently has an average rating of “Moderate Buy”.

Freenet Price Performance

The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 10.55 and a beta of -0.03. The business has a 50-day moving average of $29.78 and a 200-day moving average of $31.78.

Freenet (OTCMKTS:FRTAF) last posted its quarterly 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 10.04% and a return on equity of 17.88%. The company had revenue of $712.21 million during the quarter, compared to the consensus estimate of $611.50 million.

About Freenet

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.