Deutsche Telekom AG (OTCMKTS:DTEGY) Sees Significant Drop in Short Interest

Deutsche Telekom AG (OTCMKTS:DTEGY) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 559,104 shares, a drop of 38.2% from the September 15th total of 904,910 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,120,192 shares, the short-interest ratio is presently 0.5 days.

Deutsche Telekom Stock Performance

Shares of Deutsche Telekom stock traded up $0.43 during trading on Friday, hitting $29.05. 2,144,564 shares of the stock were exchanged, compared to its average volume of 877,723. The stock’s fifty day moving average is $31.73 and its 200 day moving average is $32.09. The stock has a market cap of $138.93 billion, a PE ratio of 14.03, a P/E/G ratio of 0.62 and a beta of 0.33. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.96 and a current ratio of 1.03. Deutsche Telekom has a 12 month low of $26.90 and a 12 month high of $40.58.

Deutsche Telekom (OTCMKTS:DTEGY) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $34.53 billion for the quarter, compared to analysts’ expectations of $34.43 billion. Deutsche Telekom had a net margin of 7.18% and a return on equity of 11.20%. Deutsche Telekom has set its FY 2026 guidance at 2.560-2.560 EPS. As a group, sell-side analysts anticipate that Deutsche Telekom will post 2.59 EPS for the current year.

Analysts Set New Price Targets

DTEGY has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Deutsche Telekom in a research report on Monday, July 13th. Zacks Research cut Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Deutsche Telekom in a report on Tuesday, July 21st. Sanford C. Bernstein lowered Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 24th. Finally, Kepler Capital Markets downgraded Deutsche Telekom from a “buy” rating to a “hold” rating in a report on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Deutsche Telekom

Deutsche Telekom AG is a telecommunications and information technology company headquartered in Bonn, Germany. It provides mobile and fixed-line communications, broadband internet, digital services, and related network solutions to consumers, businesses, and public-sector organizations.

The company operates telecommunications businesses in Germany and several other European markets, while its U.S. operations are conducted primarily through T-Mobile US. Deutsche Telekom also serves multinational business customers through T-Systems, which provides information technology, cloud, digital transformation, connectivity, and cybersecurity services.

Deutsche Telekom was established in 1995 following the privatization and restructuring of Germany’s former state-owned postal and telecommunications authority, Deutsche Bundespost.