freenet (FRA:FNTN) received a €27.00 ($32.14) price objective from equities research analysts at Oddo Bhf in a research note issued on Monday, November 13th. The firm currently has a “neutral” rating on the stock. Oddo Bhf’s price objective points to a potential downside of 14.99% from the company’s current price.
A number of other brokerages have also recently weighed in on FNTN. Commerzbank set a €28.00 ($33.33) price objective on freenet and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Hauck & Aufhaeuser set a €40.00 ($47.62) price objective on freenet and gave the stock a “buy” rating in a research note on Tuesday, September 5th. equinet set a €36.00 ($42.86) target price on freenet and gave the company a “buy” rating in a research report on Friday, November 10th. Deutsche Bank set a €29.00 ($34.52) target price on freenet and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, Warburg Research set a €35.00 ($41.67) target price on freenet and gave the company a “buy” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of €29.59 ($35.23).
Shares of freenet (FNTN) traded down €0.04 ($0.05) during mid-day trading on Monday, hitting €31.76 ($37.81). The company’s stock had a trading volume of 5,332 shares. freenet has a twelve month low of €3.22 ($3.83) and a twelve month high of €32.40 ($38.57).
freenet AG provides network-independent telecommunication services focusing on mobile communications, mobile Internet, TV and media, and digital lifestyle applications in Germany. It provides a portfolio of services and products primarily in the area of mobile voice and data services. The company offers its postpaid and prepaid services under the mobilcom-debitel brand, as well as no-frills services under the klarmobil, freenetMobile, callMobile, and debitel light brands.
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