Freenet (FRTAF) Projected to Post Earnings on Wednesday

Freenet (OTCMKTS:FRTAF) will likely be releasing its results after the market closes on Wednesday, February 25th. Analysts expect Freenet to post earnings of $0.7450 per share and revenue of $625.8830 million for the quarter.

Freenet Stock Performance

Shares of OTCMKTS FRTAF opened at $35.41 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.14. Freenet has a 12 month low of $30.78 and a 12 month high of $35.41. The company has a 50 day simple moving average of $33.47 and a two-hundred day simple moving average of $33.33. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 18.44 and a beta of -0.10.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group downgraded shares of Freenet from a “buy” rating to a “sell” rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Freenet in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.