UBS has given Freenet a 'Buy' rating with a target price of 30 euros.

The latest quarterly results from mobile phone providers in Germany have raised concerns about increasing competition, especially in the low-cost segment.

However, Freenet is well-positioned to benefit from this competition as it has recently secured contracts with all three major network operators.

Freenet shares are currently priced at 29.10 euros, showing a slight decline of 0.55% from the previous day.

The stock has experienced fluctuations across different trading venues, with prices ranging from 29.06 euros in Düsseldorf to 29.42 euros at its highest point this year.

The market is closely monitoring Freenet's performance in the telecommunications sector as competition continues to evolve.