Zacks Investment Research Downgrades Freenet Ag (NASDAQ:FRTAF) to Sell

Freenet Ag (NASDAQ:FRTAF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, August 29th.

According to Zacks, “Freenet AG is a mobile communications service provider. The company’s brand portfolio includes the mobilcom-debitel,, gravis, media broadcast, klarmobil, freenet digital, freenet energy and motion TM. Freenet AG is headquartered in Budelsdorf, Germany. “

Separately, DZ Bank AG restated a “buy” rating on shares of Freenet Ag in a research report on Wednesday, August 9th.

Freenet Ag (NASDAQ:FRTAF) traded down 4.17% during trading on Tuesday, hitting $34.50. Freenet Ag has a 52-week low of $25.55 and a 52-week high of $36.00. The firm has a market cap of $4.42 billion and a price-to-earnings ratio of 18.98. The company’s 50-day moving average is $34.50 and its 200-day moving average is $33.06.

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