freenet (OTCMKTS:FRTAF) Hits New 1-Year High – Here’s Why

freenet AG (OTCMKTS:FRTAF) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $26.87 and last traded at $26.87, with a volume of 0 shares traded. The stock had previously closed at $26.87.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded freenet from a “hold” rating to a “strong sell” rating in a research note on Monday.

freenet Stock Performance

The firm’s fifty day simple moving average is $26.87 and its two-hundred day simple moving average is $26.99. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.29.

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

freenet Company Profile

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.