Zacks Investment Research Lowers Deutsche Telekom (OTCMKTS:DTEGY) to Sell

Zacks Investment Research downgraded shares of Deutsche Telekom (OTCMKTS:DTEGY) from a hold rating to a sell rating in a research report report published on Monday morning, reports.

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. “

Separately, Credit Suisse Group set a GBX 6,350 ($82.97) target price on AstraZeneca and gave the company a buy rating in a research note on Friday, March 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Deutsche Telekom has an average rating of Hold and a consensus target price of $19.00.

Shares of DTEGY traded down $0.10 during mid-day trading on Monday, hitting $17.17. 110,713 shares of the company’s stock traded hands, compared to its average volume of 249,662. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.54. Deutsche Telekom has a 1 year low of $15.51 and a 1 year high of $17.95. The stock has a market cap of $81.97 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.87 and a beta of 0.32. The business has a 50-day simple moving average of $17.23.

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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