freenet (FRA:FNTN) has been assigned a €23.00 ($28.40) price objective by equities researchers at Barclays in a report issued on Tuesday, February 20th. The firm currently has a “sell” rating on the stock. Barclays’ target price points to a potential downside of 9.48% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Hauck & Aufhaeuser set a €38.50 ($47.53) price target on freenet and gave the stock a “buy” rating in a research note on Friday, December 1st. Warburg Research set a €35.00 ($43.21) target price on freenet and gave the company a “buy” rating in a research report on Friday, January 12th. Kepler Capital Markets set a €24.00 ($29.63) price target on freenet and gave the company a “sell” rating in a report on Friday, November 10th. UBS Group set a €27.00 ($33.33) target price on freenet and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, equinet set a €36.00 ($44.44) target price on freenet and gave the stock a “buy” rating in a report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of €28.69 ($35.42).
Shares of freenet (FNTN) traded down €0.03 ($0.04) during trading hours on Tuesday, hitting €25.41 ($31.37). The stock had a trading volume of 543,227 shares. freenet has a 12-month low of €3.22 ($3.98) and a 12-month high of €32.92 ($40.64). The company has a market cap of $3,220.00 and a price-to-earnings ratio of 10.16.
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freenet AG provides network-independent telecommunication services focusing on mobile communications, mobile Internet, TV and media, and digital lifestyle applications in Germany. It provides a portfolio of services and products primarily in the area of mobile voice and data services. The company offers its postpaid and prepaid services under the mobilcom-debitel brand, as well as no-frills services under the klarmobil, freenetMobile, callMobile, and debitel light brands.
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