Freenet AG (OTCMKTS:FRTAF) Receives Consensus Recommendation of “Reduce” from Analysts

Freenet AG (OTCMKTS:FRTAF) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

Several equities research analysts have recently commented on FRTAF shares. UBS Group downgraded shares of Freenet from a “buy” rating to a “sell” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a research report on Wednesday, January 21st. Finally, DZ Bank downgraded shares of Freenet from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th.

Freenet Stock Performance

OTCMKTS:FRTAF opened at $29.77 on Wednesday. Freenet has a 12 month low of $29.77 and a 12 month high of $35.41. The firm has a fifty day simple moving average of $33.55 and a 200-day simple moving average of $33.00. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.54 billion, a P/E ratio of 11.45 and a beta of -0.01.

Freenet (OTCMKTS:FRTAF) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.09). Freenet had a return on equity of 18.46% and a net margin of 11.14%.The company had revenue of $712.21 million for the quarter, compared to analyst estimates of $611.50 million.

Freenet Company Profile

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.