freenet (FRA:FNTN) has been assigned a €24.00 ($28.24) target price by equities research analysts at Berenberg Bank in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 18.23% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Barclays set a €24.00 ($28.24) price target on freenet and gave the company a “buy” rating in a research note on Tuesday, April 13th. The Goldman Sachs Group set a €16.00 ($18.82) price objective on freenet and gave the stock a “sell” rating in a research report on Tuesday, March 16th. Hauck & Aufhaeuser set a €25.50 ($30.00) target price on freenet and gave the company a “buy” rating in a report on Tuesday, April 13th. UBS Group set a €19.00 ($22.35) price objective on shares of freenet and gave the company a “neutral” rating in a research note on Thursday, February 25th. Finally, Independent Research set a €20.00 ($23.53) target price on shares of freenet and gave the stock a “neutral” rating in a research note on Tuesday, April 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. freenet presently has an average rating of “Hold” and an average target price of €21.79 ($25.64).
Shares of FNTN opened at €20.30 ($23.88) on Tuesday. The stock has a 50-day moving average of €20.24 and a two-hundred day moving average of €18.17. freenet has a one year low of €3.22 ($3.79) and a one year high of €32.92 ($38.73).
freenet AG provides telecommunication, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It provides a portfolio of services and products primarily in the area of mobile voice and data services. The Mobile Communications segment engages in distribution and sales of mobile communications devices, and additional services, such as marketing and digital lifestyle; mobile phone accessories, home entertainment, which includes music and video offering, and services, applications, and devices connected to internet; and offers mobile tariff portfolio, which comprises Telekom, Vodafone, and Telefonica Deutschland.
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