Deutsche Telekom (OTCMKTS:DTEGY) Shares Gap Down – What’s Next?

Deutsche Telekom AG (OTCMKTS:DTEGY) gapped down prior to trading on Monday . The stock had previously closed at $36.48, but opened at $34.11. Deutsche Telekom shares last traded at $34.26, with a volume of 72,427 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DTEGY. Zacks Research cut shares of Deutsche Telekom from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Erste Group Bank raised shares of Deutsche Telekom from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Deutsche Telekom from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Deutsche Telekom Price Performance

The stock has a market cap of $165.75 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.92 and a beta of 0.41. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.04 and a current ratio of 1.12. The company has a 50-day simple moving average of $37.43 and a two-hundred day simple moving average of $34.25.

About Deutsche Telekom

Deutsche Telekom AG is a leading European telecommunications company headquartered in Bonn, Germany. The firm provides a broad range of telecommunications and information technology services for consumer, business and wholesale customers. Its core activities include fixed-line and mobile voice services, broadband internet access, television services and a suite of enterprise IT and network solutions.

Deutsche Telekom offers consumer products under well-known retail brands in its home market and across Europe, and operates extensive mobile networks including 4G and 5G infrastructure.