freenet (FNTN) PT Set at €31.00 by Citigroup

freenet (FRA:FNTN) has been given a €31.00 ($36.90) price target by analysts at Citigroup in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential downside of 0.37% from the company’s previous close.

A number of other equities analysts have also recently weighed in on FNTN. Hauck & Aufhaeuser set a €40.00 ($47.62) price target on freenet and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Deutsche Bank set a €29.00 ($34.52) price target on freenet and gave the stock a “neutral” rating in a research note on Friday, November 10th. equinet set a €36.00 ($42.86) price target on freenet and gave the stock a “buy” rating in a research note on Friday, November 10th. Warburg Research set a €35.00 ($41.67) price target on freenet and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, Oddo Bhf set a €27.00 ($32.14) price target on freenet and gave the stock a “neutral” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of €29.71 ($35.37).

Shares of freenet (FRA FNTN) opened at €31.12 ($37.04) on Wednesday. freenet has a fifty-two week low of €3.22 ($3.83) and a fifty-two week high of €32.40 ($38.57).

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About freenet

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.

Analyst Recommendations for freenet (FRA:FNTN)

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