Freenet (FRTAF) to Release Earnings on Wednesday

Freenet (OTCMKTS:FRTAF) is expected to be announcing its results before the market opens on Wednesday, August 12th. Analysts expect Freenet to announce earnings of $0.6670 per share and revenue of $921.3860 million for the quarter.

Freenet Price Performance

FRTAF opened at $27.00 on Wednesday. Freenet has a twelve month low of $27.00 and a twelve month high of $35.41. The company has a 50-day moving average price of $27.37 and a 200 day moving average price of $30.61. The company has a market cap of $3.21 billion, a PE ratio of 10.55 and a beta of -0.01.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DZ Bank upgraded Freenet from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. UBS Group raised Freenet from a “sell” rating to a “neutral” rating in a report on Wednesday, June 24th. Finally, Citigroup restated a “neutral” rating on shares of Freenet in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.