The Goldman Sachs Group cut shares of freenet (OTCMKTS:FRTAF - Free Report) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports.
freenet Stock Performance
FRTAF stock remained flat at $26.87 during trading on Monday. The company has a market capitalization of $3.44 billion, a PE ratio of 12.67 and a beta of 0.40. The business has a 50 day simple moving average of $26.87 and a 200 day simple moving average of $26.99. freenet has a 12-month low of $26.87 and a 12-month high of $26.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.71 and a current ratio of 0.75.
freenet (OTCMKTS:FRTAF - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $679.75 million during the quarter. freenet had a net margin of 9.07% and a return on equity of 18.50%.
About freenet
(
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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.
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