freenet (OTCMKTS:FRTAF) Reaches New 52-Week Low - What's Next?
Freenet AG (OTCMKTS:FRTAF) has reached a new 52-week low of $39.73, down from a previous close of $40.00. Analysts have mixed views, with UBS downgrading the stock from "strong-buy" to "hold," while Deutsche Bank maintains a "buy" rating. The company has a market cap of $4.72 billion, a PE ratio of 18.74, and a debt-to-equity ratio of 0.29. Despite the current hold rating, some analysts suggest there are better investment options available.
freenet AG (OTCMKTS:FRTAF - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $39.73 and last traded at $39.73, with a volume of 150 shares. The stock had previously closed at $40.00.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on FRTAF shares. UBS Group downgraded freenet from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of freenet in a research note on Friday, March 7th.
Read Our Latest Research Report on FRTAF
freenet Stock Down 0.7 %
The company has a debt-to-equity ratio of 0.29, a current ratio of 0.75 and a quick ratio of 0.71. The business has a fifty day moving average price of $36.85 and a two-hundred day moving average price of $30.36. The firm has a market cap of $4.72 billion, a PE ratio of 18.74 and a beta of 0.36.
About freenet
(Get Free Report)freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.
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