Freddie Mac (OTCMKTS:FMCC) Stock Rating Upgraded by Zacks Research

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

A number of other research firms also recently weighed in on FMCC. Wedbush upgraded Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 price target on the stock in a research report on Friday, December 12th. Keefe, Bruyette & Woods increased their price objective on Freddie Mac from $4.50 to $11.00 and gave the company an “underperform” rating in a research report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Freddie Mac in a research report on Thursday, September 11th. They issued a “buy” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.45.

Freddie Mac Price Performance

FMCC stock opened at $10.35 on Monday. The firm has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $9.47. The stock has a market cap of $6.73 billion, a PE ratio of -1,035.00 and a beta of 1.78. Freddie Mac has a one year low of $2.23 and a one year high of $14.99.

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.