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 Freenet stock opened at $35.41 on Friday. The business has a 50-day simple moving average of $33.28 and a 200-day simple moving average of $33.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.64 and a current ratio of 0.68. Freenet has a one year low of $30.78 and a one year high of $35.41. The company has a market cap of $4.21 billion, a PE ratio of 18.44 and a beta of -0.09.

Analyst Upgrades and Downgrades

Several research analysts have commented on FRTAF shares. UBS Group cut shares of Freenet from a “buy” rating to a “sell” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freenet in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

About Freenet

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.