Deutsche Telekom AG to Post FY2023 Earnings of $1.64 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:DTEGY)
Deutsche Telekom AG (OTCMKTS:DTEGY) – Analysts at Jefferies Financial Group upped their FY2023 earnings estimates for shares of Deutsche Telekom in a research note issued to investors on Tuesday, April 6th. Jefferies Financial Group analyst U. Rathe now forecasts that the utilities provider will earn $1.64 per share for the year, up from their prior estimate of $1.62.
Several other equities research analysts also recently commented on the stock. UBS Group restated a “buy” rating on shares of Deutsche Telekom in a research report on Monday, March 15th. Maxim Group upgraded shares of Deutsche Telekom from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 10th. Zacks Investment Research downgraded shares of Deutsche Telekom from a “hold” rating to a “sell” rating in a research report on Friday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Deutsche Telekom in a research report on Wednesday, December 16th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Deutsche Telekom in a research report on Friday, February 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Deutsche Telekom presently has a consensus rating of “Buy” and a consensus price target of $20.00.
The firm also recently declared a dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, April 7th will be paid a dividend of $1.3908 per share. The ex-dividend date of this dividend is Tuesday, April 6th. This represents a dividend yield of 6.85%. Deutsche Telekom’s dividend payout ratio (DPR) is 60.19%.
Deutsche Telekom Company Profile
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.
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