Zacks Investment Research Downgrades Deutsche Telekom (OTCMKTS:DTEGY) to Sell

Deutsche Telekom (OTCMKTS:DTEGYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, 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. “

Other equities research analysts also recently issued reports about the stock. Morgan Stanley initiated coverage on shares of Deutsche Telekom in a research note on Friday, April 8th. They set an “overweight” rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of Deutsche Telekom from €26.50 ($27.60) to €27.00 ($28.13) and gave the stock an “overweight” rating in a research note on Wednesday, May 4th. UBS Group boosted their price objective on shares of Deutsche Telekom from €25.20 ($26.25) to €26.00 ($27.08) and gave the stock a “buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Deutsche Telekom from €26.00 ($27.08) to €26.50 ($27.60) in a research note on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $24.88.

DTEGY stock traded up $0.15 on Friday, hitting $19.29. 1,920,600 shares of the company were exchanged, compared to its average volume of 220,056. Deutsche Telekom has a twelve month low of $16.32 and a twelve month high of $22.23. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 0.93. The business’s fifty day moving average is $18.67 and its two-hundred day moving average is $18.60. The stock has a market capitalization of $91.85 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.12 and a beta of 0.56.

Deutsche Telekom (OTCMKTS:DTEGYGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The utilities provider reported $0.29 EPS for the quarter. Deutsche Telekom had a net margin of 6.46% and a return on equity of 8.53%. The firm had revenue of $33.09 billion during the quarter. Equities research analysts expect that Deutsche Telekom will post 1.38 earnings per share for the current year.

Deutsche Telekom Company Profile (Get Rating)

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. 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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