Deutsche Telekom (OTCMKTS:DTEGY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Deutsche Telekom (OTCMKTS:DTEGY) from a hold rating to a strong sell rating in a report released on Monday morning,Zacks.com reports.

Separately, Erste Group Bank upgraded Deutsche Telekom from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Deutsche Telekom presently has an average rating of “Hold”.

Deutsche Telekom Stock Down 0.6%

Shares of OTCMKTS DTEGY opened at $37.75 on Monday. The stock has a market cap of $185.17 billion, a P/E ratio of 17.08, a PEG ratio of 1.02 and a beta of 0.40. The business’s fifty day simple moving average is $35.37 and its 200-day simple moving average is $34.04. Deutsche Telekom has a 12-month low of $30.31 and a 12-month high of $40.58. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 1.04.

Deutsche Telekom Company Profile

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.