Deutsche Bank Reiterates €21.50 Price Target for freenet (FRA:FNTN)

Deutsche Bank set a €21.50 ($25.00) price objective on freenet (FRA:FNTN) in a research report report published on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group set a €23.70 ($27.56) target price on shares of freenet and gave the company a buy rating in a report on Wednesday, November 6th. Barclays set a €20.00 ($23.26) target price on shares of freenet and gave the company a sell rating in a report on Thursday, November 14th. Independent Research set a €22.20 ($25.81) target price on shares of freenet and gave the company a neutral rating in a report on Monday, November 11th. Hauck & Aufhaeuser set a €28.00 ($32.56) target price on shares of freenet and gave the company a buy rating in a report on Friday, October 18th. Finally, Kepler Capital Markets set a €21.00 ($24.42) price objective on shares of freenet and gave the stock a neutral rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of €20.76 ($24.14).

Shares of FRA:FNTN traded up €0.30 ($0.35) during midday trading on Thursday, hitting €21.01 ($24.43). 609,117 shares of the company’s stock traded hands. The firm’s fifty day moving average price is €20.32 and its two-hundred day moving average price is €19.58. freenet has a twelve month low of €3.22 ($3.74) and a twelve month high of €32.92 ($38.28).

About freenet

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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Analyst Recommendations for freenet (FRA:FNTN)

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