Zacks Investment Research lowered shares of Deutsche Telekom (OTCMKTS:DTEGY) from a buy rating to a sell rating in a research report report published on Tuesday morning.
According to Zacks, “Deutsche Telekom is Europe’s largest communications company and one of the largest communications carriers worldwide. Through T-Mobile, Deutsche Telekom’s mobile telephony subsidiary, and through other subsidiaries and investments, Deutsche Telekom serves mobile telephony customers worldwide. Deutsche Telekom offers its customers a complete range of fixed-line voice telephony products and services. “
A number of other analysts have also recently weighed in on the stock. ValuEngine raised shares of Deutsche Telekom from a sell rating to a hold rating in a research note on Wednesday, October 17th. Bank of America raised shares of Deutsche Telekom from a neutral rating to a buy rating in a research note on Thursday, August 30th. Finally, Citigroup raised shares of Deutsche Telekom from a neutral rating to a buy rating in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $17.00.
Deutsche Telekom (OTCMKTS:DTEGY) last announced its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $21.91 billion for the quarter, compared to analyst estimates of $21.49 billion. Deutsche Telekom had a net margin of 4.52% and a return on equity of 15.29%. Equities research analysts forecast that Deutsche Telekom will post 1.1 EPS for the current year.
Deutsche Telekom Company Profile
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.
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