Zacks Investment Research Upgrades Deutsche Telekom AG (DTEGY) to Buy
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.
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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.
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