freenet (OTCMKTS:FRTAF) Sets New 1-Year Low at $26.00

freenet AG (OTCMKTS:FRTAFGet Rating) shares hit a new 52-week low on Tuesday . The company traded as low as $26.00 and last traded at $26.00, with a volume of 0 shares. The stock had previously closed at $26.00.

A number of equities research analysts have weighed in on the stock. Citigroup cut their price objective on shares of freenet to €27.50 ($28.95) and set a “buy” rating on the stock in a report on Wednesday, April 6th. Zacks Investment Research cut shares of freenet from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of freenet from €22.00 ($23.16) to €23.00 ($24.21) and gave the stock a “hold” rating in a report on Friday, February 4th. Finally, Barclays upped their price objective on shares of freenet from €27.00 ($28.42) to €27.50 ($28.95) in a report on Tuesday, April 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, freenet has an average rating of “Buy” and a consensus target price of $26.50.

The firm’s 50 day moving average price is $25.58 and its 200-day moving average price is $25.02. The stock has a market cap of $3.33 billion, a P/E ratio of 14.05 and a beta of 0.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.82 and a quick ratio of 0.75.

About freenet (OTCMKTS:FRTAF)

freenet AG provides telecommunications, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It provides a portfolio of services and products primarily in the areas of mobile voice and data services. The Mobile Communications segment offers mobile communications services, such as marketing of mobile communications services, which include voice and data services from the mobile communications network operators; sells and distributes mobile communications devices, as well as offers additional services for mobile data communications and digital lifestyle; and planning, construction, installation, and maintenance services for WiFi networks.

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