Deutsche Telekom AG (OTCMKTS:DTEGY) Receives $24.00 Consensus Price Target from Analysts

Shares of Deutsche Telekom AG (OTCMKTS:DTEGY) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company.

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Deutsche Telekom in a report on Thursday, April 22nd. UBS Group reaffirmed a “buy” rating on shares of Deutsche Telekom in a report on Monday, May 10th. Zacks Investment Research cut shares of Deutsche Telekom from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Deutsche Telekom in a report on Friday, April 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Telekom in a report on Thursday, May 27th.

DTEGY stock traded up $0.35 during mid-day trading on Tuesday, hitting $21.63. 95,907 shares of the company were exchanged, compared to its average volume of 167,008. The business has a 50 day simple moving average of $20.21. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 1.29. The firm has a market cap of $102.99 billion, a PE ratio of 20.60 and a beta of 0.66. Deutsche Telekom has a 1-year low of $14.77 and a 1-year high of $21.85.

Deutsche Telekom (OTCMKTS:DTEGY) last issued its quarterly earnings data on Wednesday, May 12th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Deutsche Telekom had a return on equity of 7.71% and a net margin of 3.91%. Sell-side analysts predict that Deutsche Telekom will post 1.28 earnings per share for the current year.

The company also recently disclosed a dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, April 7th were paid a $1.3908 dividend. The ex-dividend date of this dividend was Tuesday, April 6th. This represents a yield of 6.85%. Deutsche Telekom’s dividend payout ratio (DPR) is 47.45%.

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.

Read More: What does a hold rating mean?

Analyst Recommendations for Deutsche Telekom (OTCMKTS:DTEGY)

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