Zacks Investment Research upgraded shares of Deutsche Telekom (OTCMKTS:DTEGY) from a sell rating to a hold rating in a report released on Thursday.
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. “
Other equities research analysts have also issued research reports about the company. Bank of America upgraded Deutsche Telekom from a neutral rating to a buy rating in a research report on Thursday, August 30th. Citigroup upgraded Deutsche Telekom from a neutral rating to a buy rating in a research report on Friday, July 27th. Finally, ValuEngine upgraded Deutsche Telekom from a sell rating to a hold rating in a research report on Wednesday, October 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Deutsche Telekom presently has a consensus rating of Buy and a consensus target price of $17.00.
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.
Recommended Story: What is a bull market?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Deutsche Telekom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Telekom and related companies with MarketBeat.com's FREE daily email newsletter.