Freddie Mac (OTCMKTS:FMCC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Freddie Mac (OTCMKTS:FMCC) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.90.

Several equities research analysts have weighed in on the company. BTIG Research cut Freddie Mac from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Wedbush began coverage on Freddie Mac in a report on Friday, July 31st. They set an “outperform” rating and a $12.00 price target for the company.

Freddie Mac Trading Up 0.6%

Shares of Freddie Mac stock opened at $5.38 on Friday. The company has a market cap of $3.50 billion, a PE ratio of 538.54 and a beta of 1.73. The company has a 50 day moving average of $5.56 and a 200-day moving average of $5.98. Freddie Mac has a 1-year low of $3.40 and a 1-year high of $14.99.

About Freddie Mac

Freddie Mac (OTCMKTS:FMCC), officially the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise chartered by Congress in 1970 to enhance liquidity and stability in the U.S. housing finance system. Headquartered in McLean, Virginia, the company operates under the supervision of the Federal Housing Finance Agency (FHFA) and carries a congressional mandate to support affordable, sustainable homeownership and rental housing markets nationwide.

The company’s primary business activities involve purchasing mortgage loans from approved lenders, pooling them into mortgage-backed securities (MBS), and guaranteeing the timely payment of principal and interest to investors.