freenet (OTCMKTS:FRTAF) Sets New 1-Year High – Here’s Why

freenet AG (OTCMKTS:FRTAF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.87 and last traded at $26.87, with a volume of 0 shares traded. The stock had previously closed at $26.87.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded freenet from a “hold” rating to a “strong sell” rating in a research note on Monday, December 9th.

freenet Price Performance

The company has a market capitalization of $3.44 billion, a P/E ratio of 12.67 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.75 and a quick ratio of 0.71. The firm’s 50-day moving average is $26.87 and its 200-day moving average is $26.98.

freenet (OTCMKTS:FRTAF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm 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%.

freenet Company Profile

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.