Zacks Research Downgrades Deutsche Telekom (OTCMKTS:DTEGY) to Strong Sell

Deutsche Telekom (OTCMKTS:DTEGY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Erste Group Bank upgraded shares of Deutsche Telekom from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Deutsche Telekom Stock Performance

Shares of DTEGY stock opened at $37.97 on Monday. The firm has a 50 day moving average of $35.27 and a 200-day moving average of $34.01. The company has a market cap of $186.25 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.02 and a beta of 0.40. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 1.04. Deutsche Telekom has a 52 week low of $30.31 and a 52 week high of $40.58.

Deutsche Telekom Company Profile

Deutsche Telekom AG is a leading European telecommunications company headquartered in Bonn, Germany. The firm provides a broad range of telecommunications and information technology services for consumer, business and wholesale customers. Its core activities include fixed-line and mobile voice services, broadband internet access, television services and a suite of enterprise IT and network solutions.

Deutsche Telekom offers consumer products under well-known retail brands in its home market and across Europe, and operates extensive mobile networks including 4G and 5G infrastructure.