Zacks Investment Research Lowers Deutsche Telekom (OTCMKTS:DTEGY) to Hold

Zacks Investment Research downgraded shares of Deutsche Telekom (OTCMKTS:DTEGY) from a buy rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

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 brokerages have also issued reports on DTEGY. JPMorgan Chase & Co. reissued an overweight rating on shares of Deutsche Telekom in a research note on Friday, April 30th. Barclays upgraded shares of Deutsche Telekom from an equal weight rating to an overweight rating in a report on Monday, May 17th. UBS Group restated a buy rating on shares of Deutsche Telekom in a report on Monday, May 10th. Deutsche Bank Aktiengesellschaft restated a buy rating on shares of Deutsche Telekom in a report on Thursday, April 22nd. Finally, Morgan Stanley restated an overweight rating on shares of Deutsche Telekom in a report on Thursday, May 27th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Deutsche Telekom currently has an average rating of Buy and an average price target of $24.00.

Shares of OTCMKTS:DTEGY opened at $21.63 on Tuesday. The firm’s fifty day moving average is $20.21. The firm has a market cap of $102.99 billion, a price-to-earnings ratio of 20.60 and a beta of 0.66. Deutsche Telekom has a 12-month low of $14.77 and a 12-month high of $21.85. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 1.29.

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

The company also recently announced a dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, April 7th were issued 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 presently 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.

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