Deutsche Telekom (OTCMKTS:DTEGY) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Deutsche Telekom (OTCMKTS:DTEGY) from a hold rating to a sell rating in a research note released on Thursday morning, 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. “

Several other analysts have also issued reports on the company. Macquarie lowered Deutsche Telekom from a neutral rating to an underperform rating in a report on Wednesday, July 17th. Berenberg Bank reiterated a sell rating and set a $12.70 target price on shares of Deutsche Telekom in a report on Wednesday, July 31st.

Shares of Deutsche Telekom stock opened at $17.74 on Thursday. The firm has a market cap of $83.71 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.61 and a beta of 0.33. The stock’s 50-day moving average is $16.78 and its 200-day moving average is $16.82. Deutsche Telekom has a one year low of $15.85 and a one year high of $17.95. 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, August 8th. The utilities provider reported $0.31 EPS for the quarter. Deutsche Telekom had a return on equity of 10.65% and a net margin of 3.22%. The company had revenue of $22.10 billion for the quarter. On average, equities analysts expect that Deutsche Telekom will post 1.06 EPS for the current 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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