Short Interest in Deutsche Telekom AG (OTCMKTS:DTEGY) Drops By 19.0%

Deutsche Telekom AG (OTCMKTS:DTEGYGet Rating) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 6,400 shares, a decrease of 19.0% from the October 15th total of 7,900 shares. Based on an average daily volume of 1,011,900 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Several equities analysts recently commented on DTEGY shares. UBS Group upped their price target on shares of Deutsche Telekom from €26.00 ($26.00) to €27.00 ($27.00) and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Deutsche Telekom to €29.50 ($29.50) in a research note on Friday, September 9th. JPMorgan Chase & Co. decreased their price objective on shares of Deutsche Telekom from €28.50 ($28.50) to €27.50 ($27.50) in a research note on Thursday, October 20th. Kepler Capital Markets started coverage on shares of Deutsche Telekom in a research note on Monday, August 1st. They set a “buy” rating for the company. Finally, Morgan Stanley boosted their price objective on shares of Deutsche Telekom from €26.00 ($26.00) to €28.00 ($28.00) in a research note on Monday, November 7th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Deutsche Telekom has a consensus rating of “Buy” and an average price target of $28.00.

Deutsche Telekom Price Performance

Shares of DTEGY stock opened at $19.55 on Monday. The company has a market capitalization of $93.09 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.55. The firm has a fifty day simple moving average of $18.42 and a 200-day simple moving average of $18.97. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.16. Deutsche Telekom has a twelve month low of $16.32 and a twelve month high of $20.75.

Deutsche Telekom (OTCMKTS:DTEGYGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The utilities provider reported $0.49 EPS for the quarter. Deutsche Telekom had a net margin of 6.56% and a return on equity of 9.30%. The firm had revenue of $29.21 billion for the quarter. Equities research analysts anticipate that Deutsche Telekom will post 1.47 earnings per share for the current fiscal year.

About Deutsche Telekom

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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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