Deutsche Telekom (OTCMKTS:DTEGY) Reaches New 12-Month High – What’s Next?

Deutsche Telekom AG (OTCMKTS:DTEGY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $38.21 and last traded at $38.08, with a volume of 1241552 shares trading hands. The stock had previously closed at $37.62.

Wall Street Analysts Forecast Growth

DTEGY has been the subject of several research analyst reports. Hsbc Global Res lowered Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Telekom in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Deutsche Telekom Stock Up 1.2%

The stock has a fifty day simple moving average of $36.16 and a two-hundred day simple moving average of $33.68. The firm has a market cap of $189.88 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.35 and a beta of 0.63. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04.

Deutsche Telekom (OTCMKTS:DTEGY) last posted its quarterly earnings data on Thursday, May 15th. The utilities provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Deutsche Telekom had a net margin of 5.36% and a return on equity of 7.65%. The company had revenue of $33.37 billion for the quarter, compared to analysts’ expectations of $29.43 billion. As a group, sell-side analysts expect that Deutsche Telekom AG will post 1.86 EPS for the current fiscal year.

Deutsche Telekom Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 11th were issued a $0.9731 dividend. The ex-dividend date was Friday, April 11th. This is an increase from Deutsche Telekom’s previous dividend of $0.81. Deutsche Telekom’s payout ratio is currently 71.76%.

About Deutsche Telekom

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services segments. 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.