Deutsche Telekom Lowered to “Neutral” at Bank of America Corp. (DTEGY)
Deutsche Telekom (NASDAQ:DTEGY) was downgraded by Bank of America Corp. from a “buy” rating to a “neutral” rating in a research note issued on Thursday, AnalystRatings.Net reports.
Deutsche Telekom (NASDAQ:DTEGY) opened at 16.20 on Thursday. Deutsche Telekom has a 1-year low of $10.34 and a 1-year high of $16.20. The stock has a 50-day moving average of $14.09 and a 200-day moving average of $12.46. The company’s market cap is $69.968 billion.
DTEGY has been the subject of a number of other recent research reports. Analysts at HSBC upgraded shares of Deutsche Telekom from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, October 11th. 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $10.10.
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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