Federal Home Loan Mortgage (OTCMKTS:FMCC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday, 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 research analysts also recently commented on FMCC. B. Riley initiated coverage on shares of Federal Home Loan Mortgage in a research report on Friday, December 6th. They set a “neutral” rating and a $2.00 price objective on the stock. Odeon Capital Group downgraded shares of Federal Home Loan Mortgage from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. Finally, Nomura reaffirmed a “buy” rating on shares of Federal Home Loan Mortgage in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.85.

Federal Home Loan Mortgage stock opened at $1.48 on Friday. The firm’s 50 day simple moving average is $2.45 and its 200-day simple moving average is $2.91. The company has a market cap of $959.81 million, a P/E ratio of -8.20 and a beta of 2.14. Federal Home Loan Mortgage has a fifty-two week low of $1.20 and a fifty-two week high of $4.04.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last released its earnings results on Thursday, February 13th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $3.40 billion. Federal Home Loan Mortgage had a net margin of 9.60% and a negative return on equity of 8.97%.

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.

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