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

Keefe, Bruyette & Woods downgraded shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. Keefe, Bruyette & Woods currently has $4.00 price objective on the stock, up from their prior price objective of $2.50.

Federal Home Loan Mortgage Price Performance

OTCMKTS FMCC opened at $2.92 on Wednesday. The company’s fifty day simple moving average is $1.49 and its 200-day simple moving average is $1.36. Federal Home Loan Mortgage has a 52 week low of $0.62 and a 52 week high of $3.48.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. Federal Home Loan Mortgage had a net margin of 9.74% and a negative return on equity of 33.18%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.40 billion.

About Federal Home Loan Mortgage

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.