Freddie Mac (OTCMKTS:FMCC) Trading Down 6.3% – Time to Sell?

by · The Cerbat Gem

Freddie Mac (OTCMKTS:FMCC – Get Free Report) dropped 6.3% on Tuesday . The stock traded as low as $9.46 and last traded at $9.55. Approximately 1,200,885 shares changed hands during trading, a decline of 71% from the average daily volume of 4,112,436 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

FMCC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their target price on Freddie Mac from $11.00 to $9.00 and set an “underperform” rating for the company in a research report on Thursday. Wedbush raised Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 price objective for the company in a report on Friday, December 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Freddie Mac in a research note on Thursday, September 11th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Zacks Research upgraded shares of Freddie Mac to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Freddie Mac presently has an average rating of “Hold” and a consensus target price of $15.78.

Check Out Our Latest Analysis on FMCC

Freddie Mac Price Performance

The firm’s 50 day moving average is $10.02 and its 200 day moving average is $9.48. The company has a market cap of $6.60 billion, a PE ratio of -1,015.00 and a beta of 1.78.

Freddie Mac Company Profile

(Get Free Report)

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.

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