freenet (FRA:FNTN – Get Rating) has been assigned a €30.00 ($31.58) price target by stock analysts at Berenberg Bank in a report issued on Tuesday, Borsen Zeitung reports. Berenberg Bank’s target price would suggest a potential upside of 38.82% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a €23.00 ($24.21) target price on shares of freenet in a report on Monday, February 28th. The Goldman Sachs Group set a €19.00 ($20.00) price objective on shares of freenet in a research report on Tuesday, April 19th. Hauck Aufhäuser Ib set a €28.00 ($29.47) target price on freenet in a report on Monday. Warburg Research set a €29.00 ($30.53) price target on freenet in a report on Thursday, March 3rd. Finally, Barclays set a €27.50 ($28.95) price objective on freenet in a report on Monday, April 25th.
FNTN stock traded down €4.75 ($5.00) during mid-day trading on Tuesday, reaching €21.61 ($22.75). The company had a trading volume of 769,145 shares. The firm has a fifty day simple moving average of €24.65 and a 200 day simple moving average of €23.86. freenet has a fifty-two week low of €3.22 ($3.39) and a fifty-two week high of €32.92 ($34.65).
About freenet (Get Rating)
freenet AG provides telecommunications, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It provides a portfolio of services and products primarily in the areas of mobile voice and data services. The Mobile Communications segment offers mobile communications services, such as marketing of mobile communications services, which include voice and data services from the mobile communications network operators; sells and distributes mobile communications devices, as well as offers additional services for mobile data communications and digital lifestyle; and planning, construction, installation, and maintenance services for WiFi networks.
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