Freenet (FRTAF) Projected to Post Earnings on Wednesday

Freenet (OTCMKTS:FRTAF) will likely be releasing its results after the market closes on Wednesday, February 25th. Analysts expect Freenet to post earnings of $0.7450 per share and revenue of $625.8830 million for the quarter.

Freenet Price Performance

Shares of FRTAF opened at $35.41 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.64 and a current ratio of 0.68. Freenet has a fifty-two week low of $30.78 and a fifty-two week high of $35.41. The firm has a 50-day simple moving average of $33.28 and a 200-day simple moving average of $33.31. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 18.44 and a beta of -0.09.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group cut Freenet from a “buy” rating to a “sell” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freenet in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Freenet Company Profile

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.