Keefe, Bruyette & Woods Upgrades Federal Home Loan Mortgage (OTCMKTS:FMCC) to Market Perform

Keefe, Bruyette & Woods upgraded shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) from an underperform rating to a market perform rating in a report published on Tuesday, The Fly reports. The brokerage currently has $4.00 price objective on the stock.

Separately, Compass Point raised Federal Home Loan Mortgage from a neutral rating to a buy rating and set a $7.00 price objective for the company in a research note on Monday, September 9th.

FMCC stock opened at $3.37 on Tuesday. The stock’s 50 day simple moving average is $3.20 and its 200 day simple moving average is $2.73. Federal Home Loan Mortgage has a fifty-two week low of $0.98 and a fifty-two week high of $4.04.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.10) earnings per share for the quarter. Federal Home Loan Mortgage had a negative return on equity of 8.21% and a net margin of 9.10%. The firm had revenue of $3.25 billion for the quarter.

About Federal Home Loan Mortgage

Freddie Mac operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets.

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