freenet (FRA:FNTN) has been assigned a €28.00 ($32.56) target price by analysts at Commerzbank in a research report issued to clients and investors on Thursday. The firm presently has a “neutral” rating on the stock. Commerzbank’s price target indicates a potential upside of 57.61% from the stock’s current price.

Several other equities research analysts have also commented on FNTN. HSBC set a €27.00 ($31.40) price target on shares of freenet and gave the company a “neutral” rating in a report on Friday, July 20th. Goldman Sachs Group set a €19.00 ($22.09) price target on shares of freenet and gave the company a “sell” rating in a report on Monday, July 23rd. Hauck & Aufhaeuser set a €32.50 ($37.79) price target on shares of freenet and gave the company a “buy” rating in a report on Tuesday, July 31st. Barclays set a €21.00 ($24.42) price target on shares of freenet and gave the company a “sell” rating in a report on Monday, August 6th. Finally, equinet set a €36.00 ($41.86) price target on shares of freenet and gave the company a “buy” rating in a report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of €26.28 ($30.55).

FRA:FNTN opened at €17.77 ($20.66) on Thursday. freenet has a one year low of €3.22 ($3.74) and a one year 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.

Further Reading: Fundamental Analysis and Individual Investors

Analyst Recommendations for freenet (FRA:FNTN)

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