Freenet (FRTAF) Projected to Post Quarterly Earnings on Wednesday

Freenet (OTCMKTS:FRTAF) is anticipated to issue its results before the market opens on Wednesday, August 12th. Analysts expect the company to post earnings of $0.6670 per share and revenue of $921.3860 million for the quarter.

Freenet Price Performance

Shares of OTCMKTS FRTAF opened at $27.00 on Wednesday. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 10.55 and a beta of -0.01. The firm’s 50 day simple moving average is $27.37 and its 200-day simple moving average is $30.61. Freenet has a 12 month low of $27.00 and a 12 month high of $35.41.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FRTAF shares. UBS Group upgraded shares of Freenet from a “sell” rating to a “neutral” rating in a research report on Wednesday, June 24th. Citigroup reissued a “neutral” rating on shares of Freenet in a research note on Tuesday, April 21st. Finally, DZ Bank upgraded Freenet from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Freenet

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.