Deutsche Telekom Upgraded by HSBC to “Overweight” (DTEGY)
Deutsche Telekom (NASDAQ:DTEGY) was upgraded by investment analysts at HSBC from a “neutral” rating to an “overweight” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
Separately, analysts at UBS AG upgraded shares of Deutsche Telekom from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Deutsche Telekom presently has an average rating of “Buy” and a consensus target price of $10.10.
Shares of Deutsche Telekom (NASDAQ:DTEGY) traded down 1.47% on Friday, hitting $15.37. 285,361 shares of the company’s stock traded hands. Deutsche Telekom has a 1-year low of $10.34 and a 1-year high of $15.61. The stock’s 50-day moving average is $13.77 and its 200-day moving average is $12.31. The company’s market cap is $66.383 billion.
Deutsche Telekom AG is a Germany-based integrated telecommunications provider offering its customers around the world a portfolio of services in the areas of telecommunications and information technology (NASDAQ:DTEGY).
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