Freddie Mac (OTCMKTS:FMCC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Freddie Mac (OTCMKTS:FMCC) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $14.90.

A number of research analysts have recently commented on the company. BTIG Research cut Freddie Mac from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Wedbush started coverage on Freddie Mac in a research report on Friday, July 31st. They issued an “outperform” rating and a $12.00 target price for the company.

Freddie Mac Price Performance

Shares of Freddie Mac stock opened at $5.38 on Friday. The company’s 50 day moving average price is $5.56 and its two-hundred day moving average price is $5.98. The firm has a market capitalization of $3.50 billion, a P/E ratio of 538.54 and a beta of 1.73. Freddie Mac has a fifty-two week low of $3.40 and a fifty-two week high of $14.99.

About Freddie Mac

Freddie Mac (OTCMKTS:FMCC), officially the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise chartered by Congress in 1970 to enhance liquidity and stability in the U.S. housing finance system. Headquartered in McLean, Virginia, the company operates under the supervision of the Federal Housing Finance Agency (FHFA) and carries a congressional mandate to support affordable, sustainable homeownership and rental housing markets nationwide.

The company’s primary business activities involve purchasing mortgage loans from approved lenders, pooling them into mortgage-backed securities (MBS), and guaranteeing the timely payment of principal and interest to investors.