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 note issued to investors on Monday, Zacks.com 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. “

DTEGY has been the topic of several other reports. Credit Suisse Group set a GBX 6,350 ($82.97) target price on AstraZeneca and gave the company a buy rating in a report on Friday, March 29th. Berenberg Bank reiterated a buy rating and issued a GBX 670 ($8.75) target price on shares of GB Group in a report on Monday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $15.85.

Shares of DTEGY stock opened at $16.56 on Monday. The firm has a 50 day moving average of $17.23. Deutsche Telekom has a one year low of $15.51 and a one year high of $17.95. The company has a market capitalization of $80.28 billion, a PE ratio of 14.65, a PEG ratio of 1.83 and a beta of 0.32. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.66 and a quick ratio of 0.61.

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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