Fannie Mae (OTCMKTS:FNMA) Rating Increased to Hold at Zacks Research

Fannie Mae (OTCMKTS:FNMA) was upgraded by analysts at Zacks Research to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, B. Riley initiated coverage on shares of Fannie Mae in a report on Friday, September 5th. They issued a “neutral” rating and a $10.00 target price for the company. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $7.00.

Fannie Mae Stock Up 4.9%

OTCMKTS FNMA opened at $14.67 on Monday. Fannie Mae has a 52 week low of $1.09 and a 52 week high of $15.00. The company has a 50-day moving average price of $9.96 and a 200-day moving average price of $9.41.

Fannie Mae Company Profile

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.