Zacks Investment Research Downgrades freenet (OTCMKTS:FRTAF) to Sell

freenet (OTCMKTS:FRTAF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday, 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. “

Separately, DZ Bank restated a “buy” rating on shares of freenet in a report on Friday, August 9th.

OTCMKTS FRTAF opened at $19.30 on Monday. freenet has a twelve month low of $19.04 and a twelve month high of $23.71. The stock has a fifty day simple moving average of $19.30 and a 200 day simple moving average of $20.78.

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.

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