Zacks Investment Research downgraded shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) from a buy rating to a hold rating in a report issued on Friday morning, Zacks.com reports.

According to Zacks, “Freddie Mac is a stockholder-owned corporation that supports homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. (Company Press Release) “

A number of other equities analysts have also commented on the company. Nomura reissued a buy rating on shares of Federal Home Loan Mortgage in a research note on Monday, February 24th. Odeon Capital Group lowered Federal Home Loan Mortgage from a hold rating to a sell rating in a research note on Thursday, February 27th. Finally, B. Riley initiated coverage on Federal Home Loan Mortgage in a research note on Friday, December 6th. They issued a neutral rating and a $2.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $3.85.

Federal Home Loan Mortgage stock traded up $0.07 on Friday, reaching $1.48. The company’s stock had a trading volume of 3,502,853 shares, compared to its average volume of 4,704,006. The company has a market cap of $959.81 million, a price-to-earnings ratio of -8.20 and a beta of 2.14. The business’s fifty day moving average price is $2.45 and its 200 day moving average price is $2.91. Federal Home Loan Mortgage has a twelve month low of $1.20 and a twelve month high of $4.04.

About Federal Home Loan Mortgage

Freddie Mac operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets.

Further Reading: What is a Fiduciary?

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