freenet (OTCMKTS:FRTAF) Reaches New 12-Month High – Here’s Why

freenet AG (OTCMKTS:FRTAF)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $40.00 and last traded at $40.00, with a volume of 100 shares. The stock had previously closed at $26.87.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FRTAF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of freenet in a report on Friday, March 7th. The Goldman Sachs Group cut freenet from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. Finally, UBS Group downgraded shares of freenet from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th.

freenet Stock Up 48.9 %

The business has a 50 day moving average of $26.87 and a 200 day moving average of $26.87. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 18.87 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.75 and a quick ratio of 0.71.

freenet Company Profile

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.