freenet (OTCMKTS:FRTAF) Sets New 52-Week Low at $19.04

freenet AG (OTCMKTS:FRTAF) hit a new 52-week low on Thursday . The company traded as low as $19.04 and last traded at $19.04, with a volume of 1000 shares trading hands. The stock had previously closed at $22.65.

A number of brokerages recently weighed in on FRTAF. Zacks Investment Research upgraded shares of freenet from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. DZ Bank restated a “buy” rating on shares of freenet in a research note on Friday, August 9th.

The firm’s 50 day moving average price is $22.65.

About freenet (OTCMKTS:FRTAF)

freenet AG provides telecommunication, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services 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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