freenet (FRA:FNTN) PT Set at €24.00 by Berenberg Bank
freenet (FRA:FNTN) received a €24.00 ($28.24) price target from Berenberg Bank in a note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 18.23% from the stock’s previous close.
Several other equities analysts have also issued reports on FNTN. Kepler Capital Markets set a €20.00 ($23.53) price objective on freenet and gave the stock a “neutral” rating in a report on Tuesday, April 27th. Independent Research set a €20.00 ($23.53) price objective on freenet and gave the company a “neutral” rating in a report on Tuesday, April 6th. Barclays set a €24.00 ($28.24) price target on shares of freenet and gave the company a “buy” rating in a research report on Tuesday, April 13th. Hauck & Aufhaeuser set a €25.50 ($30.00) price objective on freenet and gave the stock a “buy” rating in a research report on Tuesday, April 13th. Finally, Jefferies Financial Group set a €22.70 ($26.71) price target on freenet and gave the company a “buy” rating in a report on Wednesday, April 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of €21.79 ($25.64).
Shares of FRA FNTN opened at €20.30 ($23.88) on Tuesday. freenet has a 12-month low of €3.22 ($3.79) and a 12-month high of €32.92 ($38.73). The business’s fifty day simple moving average is €20.24 and its 200-day simple moving average is €18.17.
freenet AG provides telecommunication, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It provides a portfolio of services and products primarily in the area of mobile voice and data services. The Mobile Communications segment engages in distribution and sales of mobile communications devices, and additional services, such as marketing and digital lifestyle; mobile phone accessories, home entertainment, which includes music and video offering, and services, applications, and devices connected to internet; and offers mobile tariff portfolio, which comprises Telekom, Vodafone, and Telefonica Deutschland.
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