Freddie Mac (OTCMKTS:FMCC) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Freddie Mac (OTCMKTS:FMCC) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on FMCC. Wedbush upgraded Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 target price for the company in a report on Friday, December 12th. Keefe, Bruyette & Woods lifted their price objective on Freddie Mac from $4.50 to $11.00 and gave the company an “underperform” rating in a research note on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Freddie Mac in a research note on Thursday, September 11th. They set a “buy” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.45.

Freddie Mac Price Performance

Shares of OTCMKTS:FMCC opened at $10.35 on Monday. The firm’s 50-day moving average is $10.08 and its two-hundred day moving average is $9.47. Freddie Mac has a 1 year low of $2.23 and a 1 year high of $14.99. The firm has a market capitalization of $6.73 billion, a PE ratio of -1,035.00 and a beta of 1.78.

Freddie Mac Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.