Freenet (OTCMKTS:FRTAF) Sets New 52-Week Low – Time to Sell?

Freenet AG (OTCMKTS:FRTAF)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $27.00 and last traded at $27.00, with a volume of 801 shares. The stock had previously closed at $29.77.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group downgraded shares of Freenet from a “buy” rating to a “sell” rating in a research report on Wednesday, February 18th. DZ Bank upgraded shares of Freenet from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Finally, Citigroup reiterated a “neutral” rating on shares of Freenet in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Freenet Stock Performance

The company has a market cap of $3.21 billion, a PE ratio of 10.55 and a beta of -0.03. The business’s 50-day simple moving average is $29.58 and its 200-day simple moving average is $31.71.

Freenet (OTCMKTS:FRTAF) last released its earnings results on Thursday, March 19th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Freenet had a return on equity of 17.88% and a net margin of 10.04%.The company had revenue of $712.21 million during the quarter, compared to analysts’ expectations of $611.50 million.

About Freenet

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.