Freddie Mac (OTCMKTS:FMCC) Downgraded by Mizuho to Hold

Mizuho downgraded shares of Freddie Mac (OTCMKTS:FMCC) from a strong-buy rating to a hold rating in a research note released on Monday morning, MarketBeat.com reports. Mizuho currently has $4.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the company. Wedbush started coverage on Freddie Mac in a research note on Friday, July 31st. They issued an “outperform” rating and a $12.00 target price on the stock. BTIG Research lowered shares of Freddie Mac from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Freddie Mac from $6.50 to $3.50 and set an “underperform” rating for the company in a research report on Monday, September 28th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.88.

Freddie Mac Price Performance

OTCMKTS:FMCC opened at $3.15 on Monday. The firm has a market capitalization of $2.05 billion, a P/E ratio of 315.32 and a beta of 1.74. The business has a 50 day simple moving average of $4.90 and a 200 day simple moving average of $5.70. Freddie Mac has a 12-month low of $3.01 and a 12-month high of $12.08.

Freddie Mac Company Profile

Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, is a U.S. government-sponsored enterprise that supports liquidity, stability and affordability in the residential mortgage market. Chartered by Congress in 1970, the company operates in the secondary mortgage market rather than primarily originating mortgages directly with individual borrowers.

Freddie Mac purchases qualifying single-family and multifamily mortgages from approved lenders, providing those institutions with funds to make additional loans.