freenet (OTCMKTS:FRTAF) Hits New 52-Week High – Time to Buy?

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

Wall Street Analyst Weigh In

FRTAF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of freenet in a research note on Friday, March 7th. UBS Group downgraded shares of freenet from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group downgraded shares of freenet from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th.

Get Our Latest Analysis on freenet

freenet Trading Up 48.9 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.71 and a current ratio of 0.75. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 18.87 and a beta of 0.40. The business’s 50-day simple moving average is $27.13 and its 200-day simple moving average is $26.96.

freenet Company Profile

(Get Free Report)

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.

Further Reading

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