Deutsche Telekom (OTCMKTS:DTEGY) Downgraded to “Underweight” at Barclays

Barclays cut shares of Deutsche Telekom (OTCMKTS:DTEGY) from an equal weight rating to an underweight rating in a report published on Monday, The Fly reports.

DTEGY has been the topic of a number of other reports. Zacks Investment Research raised shares of Deutsche Telekom from a sell rating to a hold rating in a research note on Wednesday, November 6th. Berenberg Bank reiterated a sell rating and issued a $12.70 price objective on shares of Deutsche Telekom in a report on Wednesday, July 31st. Macquarie downgraded shares of Deutsche Telekom from a neutral rating to an underperform rating in a report on Wednesday, July 17th. Finally, Citigroup downgraded shares of Deutsche Telekom from a buy rating to a neutral rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of Hold and a consensus price target of $15.85.

Deutsche Telekom stock traded up $0.10 during midday trading on Monday, reaching $16.75. The company had a trading volume of 97,672 shares, compared to its average volume of 205,142. The company has a market capitalization of $80.09 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.29 and a beta of 0.34. Deutsche Telekom has a 12-month low of $15.85 and a 12-month high of $18.06. The firm’s fifty day simple moving average is $17.15 and its 200-day simple moving average is $16.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.62 and a quick ratio of 0.57.

Deutsche Telekom (OTCMKTS:DTEGY) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.33 earnings per share for the quarter. The firm had revenue of $22.26 billion for the quarter. Deutsche Telekom had a net margin of 3.47% and a return on equity of 10.80%. On average, analysts expect 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.

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