freenet (OTCMKTS:FRTAF) Sets New 52-Week Low at $23.19

freenet AG (OTCMKTS:FRTAFGet Rating) hit a new 52-week low on Wednesday . The company traded as low as $23.19 and last traded at $23.19, with a volume of 0 shares traded. The stock had previously closed at $23.19.

Analyst Ratings Changes

FRTAF has been the subject of a number of analyst reports. Berenberg Bank decreased their price objective on freenet from €32.00 ($34.78) to €27.00 ($29.35) in a research note on Wednesday, November 2nd. Deutsche Bank Aktiengesellschaft upgraded freenet from a “hold” rating to a “buy” rating in a research note on Monday, December 19th. Finally, UBS Group upgraded freenet from a “sell” rating to a “neutral” rating in a research note on Tuesday, November 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.50.

freenet Stock Performance

The business has a 50 day simple moving average of $22.84 and a 200 day simple moving average of $23.57. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $2.97 billion, a PE ratio of 15.16 and a beta of 0.39.

freenet Company Profile

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freenet AG provides telecommunications, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It provides a portfolio of services and products primarily in the areas of mobile voice and data services. The Mobile Communications segment offers mobile communications services, such as marketing of mobile communications services, which include voice and data services from the mobile communications network operators; sells and distributes mobile communications devices, as well as offers additional services for mobile data communications and digital lifestyle; and planning, construction, installation, and maintenance services for WiFi networks.

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