Deutsche Telekom AG (NASDAQ:DTEGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage presently has a $20.00 price target on the utilities provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 9.71% from the stock’s current price.

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. “

A number of other equities analysts also recently commented on the company. Goldman Sachs Group, Inc. (The) upgraded Deutsche Telekom AG from a “neutral” rating to a “conviction-buy” rating in a report on Friday, May 19th. Kepler Capital Markets restated a “hold” rating on shares of Deutsche Telekom AG in a report on Wednesday, May 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Deutsche Telekom AG has a consensus rating of “Buy” and a consensus target price of $20.00.

Deutsche Telekom AG (DTEGY) traded up 0.22% during midday trading on Monday, reaching $18.23. 62,460 shares of the company were exchanged. Deutsche Telekom AG has a 52 week low of $15.19 and a 52 week high of $20.26.

Deutsche Telekom AG (NASDAQ:DTEGY) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07. Deutsche Telekom AG had a return on equity of 11.81% and a net margin of 6.30%. The business had revenue of $19.58 billion during the quarter. On average, equities analysts predict that Deutsche Telekom AG will post $1.05 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at

Deutsche Telekom AG Company Profile

Deutsche Telekom AG provides information technology (IT) and telecommunications services. The Company’s operating segments include Germany, consisting of fixed-network and mobile activities in Germany; United States, which consists of mobile activities in the United States market; Europe, consisting of fixed-network and mobile operations of the national companies in various European countries, such as Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands and Austria; Systems Solutions, which operates information and communication technology (ICT) systems for multinational corporations and public sector institutions, and Group Headquarters & Group Services, which consists of the operations of service headquarters and various other subsidiaries of the Company.

Analyst Recommendations for Deutsche Telekom AG (NASDAQ:DTEGY)

Receive News & Stock Ratings for Deutsche Telekom AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Telekom AG and related stocks with our FREE daily email newsletter.