Freddie Mac (OTCMKTS:FMCC) Upgraded to “Hold” at Zacks Research

Freddie Mac (OTCMKTS:FMCC) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on FMCC. Keefe, Bruyette & Woods raised their target price 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 assumed coverage on Freddie Mac in a report on Thursday, September 11th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Wedbush raised Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 target price on the stock in a research note on Friday, December 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.45.

Freddie Mac Stock Up 1.6%

Shares of Freddie Mac stock opened at $10.35 on Monday. The company’s fifty day simple moving average is $10.08 and its two-hundred day simple moving average is $9.47. Freddie Mac has a 12-month low of $2.23 and a 12-month high of $14.99. The firm has a market cap of $6.73 billion, a PE ratio of -1,035.00 and a beta of 1.78.

About Freddie Mac

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.