Goldman Sachs Group set a €15.00 ($17.44) target price on freenet (FRA:FNTN) in a report released on Friday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Other research analysts have also recently issued research reports about the stock. HSBC set a €20.00 ($23.26) price objective on shares of freenet and gave the company a neutral rating in a report on Tuesday, May 7th. Kepler Capital Markets set a €20.00 ($23.26) price target on shares of freenet and gave the stock a buy rating in a report on Thursday, June 6th. UBS Group set a €16.00 ($18.60) price target on shares of freenet and gave the stock a sell rating in a report on Friday. Barclays set a €20.00 ($23.26) price target on shares of freenet and gave the stock a sell rating in a report on Friday. Finally, Independent Research set a €21.20 ($24.65) price target on shares of freenet and gave the stock a neutral rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of €21.28 ($24.75).
Shares of FNTN stock traded down €0.21 ($0.24) during trading on Friday, reaching €17.34 ($20.16). The company’s stock had a trading volume of 534,247 shares. The company has a 50-day simple moving average of €17.77. freenet has a 1-year low of €3.22 ($3.74) and a 1-year high of €32.92 ($38.28).
freenet AG provides telecommunication, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. The company operates through Mobile Communications, TV and Media, and Other/Holding segments. It provides a portfolio of services and products primarily in the area of mobile voice and data services.
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