Freenet AG (OTCMKTS:FRTAF) Given Consensus Rating of “Reduce” by Analysts

Shares of Freenet AG (OTCMKTS:FRTAF) have been assigned a consensus rating of “Reduce” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a research report on Tuesday.

Freenet Price Performance

Shares of FRTAF opened at $33.89 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $33.89 and its two-hundred day moving average is $36.37. Freenet has a twelve month low of $33.89 and a twelve month high of $40.00. The firm has a market capitalization of $4.03 billion, a PE ratio of 15.99 and a beta of -0.13.

Freenet (OTCMKTS:FRTAF) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.17). The business had revenue of $738.67 million during the quarter, compared to analysts’ expectations of $622.70 million.

About Freenet

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.