Brokerages Set freenet AG (FRA:FNTN) Target Price at €22.11

Shares of freenet AG (FRA:FNTN) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is €22.11 ($26.01).

FNTN has been the subject of several research analyst reports. Kepler Capital Markets set a €20.00 ($23.53) target price on freenet and gave the stock a “neutral” rating in a research note on Friday, May 7th. UBS Group set a €19.50 ($22.94) target price on freenet and gave the stock a “neutral” rating in a research note on Thursday, May 6th. Jefferies Financial Group set a €22.70 ($26.71) target price on freenet and gave the stock a “buy” rating in a research note on Wednesday, April 21st. Deutsche Bank Aktiengesellschaft set a €20.00 ($23.53) target price on freenet and gave the stock a “neutral” rating in a research note on Friday, May 7th. Finally, Barclays set a €25.00 ($29.41) price objective on freenet and gave the company a “buy” rating in a research note on Monday, May 10th.

freenet stock traded down €0.09 ($0.11) during mid-day trading on Thursday, hitting €22.47 ($26.44). The company had a trading volume of 674,656 shares. freenet has a 12-month low of €3.22 ($3.79) and a 12-month high of €32.92 ($38.73). The firm’s fifty day moving average is €21.19.

freenet Company Profile

freenet AG provides telecommunication, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It provides a portfolio of services and products primarily in the area of mobile voice and data services. The Mobile Communications segment engages in distribution and sales of mobile communications devices, and additional services, such as marketing and digital lifestyle; mobile phone accessories, home entertainment, which includes music and video offering, and services, applications, and devices connected to internet; and offers mobile tariff portfolio, which comprises Telekom, Vodafone, and Telefonica Deutschland.

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Analyst Recommendations for freenet (FRA:FNTN)

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