HSBC Analysts Give freenet (FRA:FNTN) a €20.00 Price Target

HSBC set a €20.00 ($23.26) price target on freenet (FRA:FNTN) in a research report released on Tuesday, May 7th, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

FNTN has been the topic of several other research reports. Goldman Sachs Group set a €16.00 ($18.60) price objective on freenet and gave the stock a sell rating in a research report on Wednesday, February 27th. Jefferies Financial Group set a €25.70 ($29.88) target price on freenet and gave the company a neutral rating in a research report on Thursday, February 28th. Barclays set a €20.00 ($23.26) target price on freenet and gave the company a sell rating in a research report on Tuesday, April 2nd. UBS Group set a €17.00 ($19.77) target price on freenet and gave the company a neutral rating in a research report on Tuesday, April 16th. Finally, Berenberg Bank set a €18.00 ($20.93) target price on freenet and gave the company a neutral rating in a research report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of €21.89 ($25.46).

FRA FNTN traded down €0.05 ($0.06) on Tuesday, hitting €17.37 ($20.20). 367,139 shares of the stock were exchanged. freenet has a 52-week low of €3.22 ($3.74) and a 52-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. The company operates through Mobile Communications, TV and Media, and Other/Holding segments. It provides a portfolio of services and products primarily in the area of mobile voice and data services.

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Analyst Recommendations for freenet (FRA:FNTN)

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