Raymond James Downgrades Deutsche Telekom to Market Perform (DTEGY)
Deutsche Telekom (NASDAQ:DTEGY) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of Deutsche Telekom (NASDAQ:DTEGY) traded up 2.73% during mid-day trading on Tuesday, hitting $16.96. 625,823 shares of the company’s stock traded hands. Deutsche Telekom has a one year low of $10.37 and a one year high of $17.33. The stock has a 50-day moving average of $16.3 and a 200-day moving average of $14.39. The company has a market cap of $73.810 billion and a price-to-earnings ratio of 22.87.
A number of other analysts have also recently weighed in on DTEGY. Analysts at BNP Paribas upgraded shares of Deutsche Telekom from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 6th. Separately, analysts at Nomura downgraded shares of Deutsche Telekom from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Deutsche Telekom from a “neutral” rating to a “sell” rating in a research note to investors on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.