freenet (FRA:FNTN) received a €15.00 ($17.44) target price from equities research analysts at Goldman Sachs Group in a note issued to investors on Monday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. Goldman Sachs Group’s price objective points to a potential downside of 25.74% from the stock’s previous close.
FNTN has been the topic of a number of other reports. Berenberg Bank set a €18.00 ($20.93) target price on shares of freenet and gave the company a “neutral” rating in a research report on Friday, March 8th. Warburg Research set a €30.00 ($34.88) price target on freenet and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Independent Research set a €20.00 ($23.26) price target on freenet and gave the company a “neutral” rating in a research note on Friday, March 1st. Kepler Capital Markets set a €21.00 ($24.42) price target on freenet and gave the company a “buy” rating in a research note on Wednesday, January 30th. Finally, UBS Group set a €17.00 ($19.77) price target on freenet and gave the company a “neutral” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of €21.89 ($25.46).
freenet stock traded down €0.54 ($0.63) during trading hours on Monday, reaching €20.20 ($23.49). 785,143 shares of the company’s stock traded hands. freenet has a fifty-two week low of €3.22 ($3.74) and a fifty-two week high of €32.92 ($38.28).
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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