Deutsche Telekom (OTCMKTS:DTEGY) Upgraded at Zacks Investment Research

Deutsche Telekom (OTCMKTS:DTEGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, 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. “

A number of other equities analysts also recently commented on DTEGY. Macquarie downgraded shares of Deutsche Telekom from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 17th. Berenberg Bank reiterated a “sell” rating and issued a $12.70 target price on shares of Deutsche Telekom in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.85.

Deutsche Telekom stock traded up $0.16 during trading hours on Wednesday, reaching $16.84. The stock had a trading volume of 211,320 shares, compared to its average volume of 219,487. The company has a market cap of $80.16 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 2.42 and a beta of 0.33. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.62 and a quick ratio of 0.57. The business’s 50 day moving average price is $16.64 and its 200-day moving average price is $16.83. Deutsche Telekom has a 52 week low of $15.85 and a 52 week high of $17.95.

Deutsche Telekom (OTCMKTS:DTEGY) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.31 EPS for the quarter. The business had revenue of $22.10 billion during the quarter. Deutsche Telekom had a net margin of 3.22% and a return on equity of 10.65%. On average, sell-side analysts forecast that Deutsche Telekom will post 1.09 EPS for the current fiscal year.

About Deutsche Telekom

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.

Further Reading: G-20

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