Freenet (OTCMKTS:FRTAF) Sets New 12-Month Low – Should You Sell?

Freenet AG (OTCMKTS:FRTAF) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $27.00 and last traded at $27.00, with a volume of 801 shares traded. The stock had previously closed at $29.77.

Analyst Ratings Changes

Several equities research analysts have weighed in on FRTAF shares. UBS Group cut Freenet from a “buy” rating to a “sell” rating in a research note on Wednesday, February 18th. DZ Bank raised Freenet from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Finally, Citigroup restated a “neutral” rating on shares of Freenet in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Freenet Trading Down 9.3%

The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 10.55 and a beta of -0.03. The company’s 50-day simple moving average is $29.78 and its 200-day simple moving average is $31.78.

Freenet (OTCMKTS:FRTAF) last announced its earnings results on Thursday, March 19th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.09). Freenet had a return on equity of 17.88% and a net margin of 10.04%.The company had revenue of $712.21 million for the quarter, compared to analyst estimates of $611.50 million.

Freenet Company Profile

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.