Brokerages Set freenet AG (FNTN) Target Price at $26.65

Shares of freenet AG (FRA:FNTN) have been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is €26.65 ($30.99).

Several equities research analysts have commented on FNTN shares. Barclays set a €21.00 ($24.42) price objective on freenet and gave the stock a “sell” rating in a research note on Monday, August 6th. UBS Group set a €22.80 ($26.51) price objective on freenet and gave the stock a “neutral” rating in a research note on Friday, July 6th. Independent Research set a €25.00 ($29.07) price objective on freenet and gave the stock a “neutral” rating in a research note on Monday, July 2nd. equinet set a €36.00 ($41.86) price objective on freenet and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Commerzbank set a €28.00 ($32.56) price objective on freenet and gave the stock a “neutral” rating in a research note on Monday.

FRA:FNTN opened at €19.88 ($23.12) on Friday. freenet has a fifty-two week low of €3.22 ($3.74) and a fifty-two week high of €32.92 ($38.28).

About freenet

freenet AG provides telecommunication, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It provides a portfolio of services and products primarily in the area of mobile voice and data services. The company offers its postpaid and prepaid services under the mobilcom-debitel brand, as well as no-frills services under the klarmobil, freenetMobile, callMobile, and debitel light brands.

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Analyst Recommendations for freenet (FRA:FNTN)

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