Freddie Mac (OTCMKTS:FMCC) Trading Up 9.3% – Should You Buy?

Freddie Mac (OTCMKTS:FMCC)’s stock price was up 9.3% during mid-day trading on Tuesday . The company traded as high as $11.80 and last traded at $11.7470. Approximately 2,088,610 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 4,140,412 shares. The stock had previously closed at $10.75.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FMCC shares. Keefe, Bruyette & Woods upped their price objective on Freddie Mac from $4.50 to $11.00 and gave the stock an “underperform” rating in a research note on Thursday, September 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Freddie Mac in a report on Thursday, September 11th. They set a “buy” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Freddie Mac Trading Up 6.0%

The firm has a market capitalization of $7.40 billion, a P/E ratio of -1,139.00 and a beta of 1.78. The stock’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $9.35.

Freddie Mac Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.