Freenet AG (OTCMKTS:FRTAF – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $27.00 and last traded at $27.00, with a volume of 100 shares traded. The stock had previously closed at $29.00.
Wall Street Analyst Weigh In
FRTAF has been the subject of a number of recent analyst reports. DZ Bank upgraded Freenet from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Citigroup restated a “neutral” rating on shares of Freenet in a report on Tuesday, April 21st. Finally, UBS Group raised shares of Freenet from a “sell” rating to a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Freenet has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Freenet
Freenet Stock Performance
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.
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