freenet (OTCMKTS:FRTAF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Freenet AG is a mobile communications service provider. The company’s brand portfolio includes the mobilcom-debitel, freenet.de, gravis, media broadcast, klarmobil, freenet digital, freenet energy and motion TM. Freenet AG is headquartered in Budelsdorf, Germany. “

Other research analysts have also recently issued research reports about the company. DZ Bank reissued a “buy” rating on shares of freenet in a research report on Monday, May 4th. Barclays reissued an “underweight” rating on shares of freenet in a report on Tuesday, May 5th.

Shares of FRTAF stock remained flat at $$18.50 during trading hours on Tuesday. freenet has a 52 week low of $19.04 and a 52 week high of $23.71. The stock’s 50-day moving average is $18.50 and its 200 day moving average is $20.29. The stock has a market capitalization of $2.37 billion, a P/E ratio of 8.60 and a beta of 0.56.

freenet Company Profile

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.

See Also: Understanding Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on freenet (FRTAF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for freenet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for freenet and related companies with MarketBeat.com's FREE daily email newsletter.