The Goldman Sachs Group Downgrades freenet (OTCMKTS:FRTAF) to Strong Sell

freenet (OTCMKTS:FRTAF) was downgraded by research analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

freenet Price Performance

Shares of FRTAF opened at $26.87 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.71 and a current ratio of 0.75. The firm has a market cap of $3.44 billion, a PE ratio of 12.67 and a beta of 0.40. freenet has a twelve month low of $26.87 and a twelve month high of $26.87. The firm’s 50 day moving average price is $26.87 and its 200 day moving average price is $26.99.

freenet (OTCMKTS:FRTAF) last posted its earnings results on Thursday, November 7th. The company reported $0.66 EPS for the quarter. freenet had a net margin of 9.07% and a return on equity of 18.50%. The firm had revenue of $679.75 million for the quarter.

About freenet

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.