In a report released on September 27, Lars Vom Cleff from Deutsche Bank maintained a Buy rating on freenet (0MV2 – Research Report), with a price target of €33.00. The company’s shares closed last Friday at €27.15.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for freenet with a €30.96 average price target, representing a 14.05% upside. In a report released on September 19, Hauck & Aufhaeuser also maintained a Buy rating on the stock with a €34.00 price target.
Based on freenet’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €652.11 million and a net profit of €23.43 million. In comparison, last year the company earned a revenue of €641.81 million and had a net profit of €60.98 million
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freenet (0MV2) Company Description:
freenet AG is a German mobile communication and mobile Internet company. It operates as an independent service provider without its own network. The company distributes mobile communications tariffs and options throughout Germany, using a subscription agreement and multi-brand strategy. The company has three operating segments: mobile communications, TV and media and other/holding. The mobile communications segment generates almost all of the firm’s revenue. This segment offers a product portfolio of voice and data services for mobile communication operators. It also buys mobile communications services from the network operators and sells them to its end customers.
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