DZ Bank Reaffirms “Buy” Rating for freenet (OTCMKTS:FRTAF)

DZ Bank reaffirmed their buy rating on shares of freenet (OTCMKTS:FRTAF) in a research report released on Monday morning, Borsen Zeitung reports.

Separately, Zacks Investment Research lowered shares of freenet from a hold rating to a sell rating in a report on Monday, October 21st.

Shares of freenet stock remained flat at $$19.30 during trading hours on Monday. freenet has a 1-year low of $19.04 and a 1-year high of $23.71. The stock has a 50-day simple moving average of $19.30 and a two-hundred day simple moving average of $20.86. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.51 and a current ratio of 0.58.

freenet Company Profile

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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