Goldman Sachs Group Reiterates €15.00 Price Target for freenet (FNTN)

Goldman Sachs Group set a €15.00 ($17.44) price objective on freenet (FRA:FNTN) in a report issued on Monday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

Several other brokerages also recently commented on FNTN. UBS Group set a €16.00 ($18.60) price target on shares of freenet and gave the company a sell rating in a research report on Friday, May 3rd. Jefferies Financial Group set a €23.40 ($27.21) target price on shares of freenet and gave the stock a buy rating in a research report on Tuesday, April 30th. Independent Research set a €21.20 ($24.65) target price on shares of freenet and gave the stock a neutral rating in a research report on Friday, May 10th. Kepler Capital Markets set a €21.00 ($24.42) target price on shares of freenet and gave the stock a buy rating in a research report on Thursday, May 9th. Finally, HSBC set a €20.00 ($23.26) target price on shares of freenet and gave the stock a neutral rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. freenet presently has an average rating of Hold and an average target price of €21.89 ($25.46).

Shares of FRA:FNTN opened at €20.41 ($23.73) on Monday. 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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