Deutsche Telekom AG (DTEGY) Rating Increased to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Deutsche Telekom AG (NASDAQ:DTEGY) from a sell rating to a hold rating in a report issued on Wednesday.
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. “
Separately, Kepler Capital Markets upgraded shares of Deutsche Telekom AG from a hold rating to a buy rating in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Deutsche Telekom AG currently has an average rating of Buy and an average target price of $20.00.
Shares of Deutsche Telekom AG (NASDAQ:DTEGY) traded up 0.33% during mid-day trading on Wednesday, reaching $18.42. 89,019 shares of the company were exchanged. Deutsche Telekom AG has a 12 month low of $15.19 and a 12 month high of $20.26.
Deutsche Telekom AG (NASDAQ:DTEGY) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). Deutsche Telekom AG had a net margin of 6.30% and a return on equity of 11.81%. The business had revenue of $19.58 billion for the quarter. On average, equities research analysts expect that Deutsche Telekom AG will post $1.05 earnings per share for the current year.
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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