freenet (OTCMKTS:FRTAF) Downgraded to Sell at Zacks Investment Research

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freenet (OTCMKTS:FRTAF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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 reissued a “buy” rating on shares of freenet in a research report on Friday, August 9th.

OTCMKTS:FRTAF remained flat at $$19.30 during mid-day trading on Monday. The stock has a 50 day moving average price of $19.30 and a two-hundred day moving average price of $20.77. freenet has a 1 year low of $19.04 and a 1 year high of $23.71.

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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