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.

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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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Analyst Recommendations for Deutsche Telekom AG (NASDAQ:DTEGY)

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