Federal Home Loan Mortgage (OTCMKTS:FMCC) Stock Rating Lowered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods downgraded shares of Federal Home Loan Mortgage (OTCMKTS:FMCCFree Report) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday, Marketbeat.com reports. The firm currently has $4.00 price target on the stock, up from their previous price target of $2.50.

Federal Home Loan Mortgage Price Performance

Shares of OTCMKTS FMCC opened at $3.10 on Wednesday. The business has a fifty day moving average price of $1.57 and a 200 day moving average price of $1.38. Federal Home Loan Mortgage has a 1-year low of $0.62 and a 1-year high of $3.48. The stock has a market capitalization of $2.02 billion, a P/E ratio of -51.67 and a beta of 1.69.

Federal Home Loan Mortgage (OTCMKTS:FMCCGet Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.

About Federal Home Loan Mortgage

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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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