Deutsche Telekom AG (NASDAQ:DTEGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Deutsche Telekom is Europe’s largest communications company and one of the largest communications carriers worldwide. Through T-Mobile, Deutsche Telekom’s mobile telephony subsidiary, and through other subsidiaries and investments, Deutsche Telekom serves mobile telephony customers worldwide. Deutsche Telekom offers its customers a complete range of fixed-line voice telephony products and services. “

Several other equities analysts have also recently issued reports on DTEGY. Kepler Capital Markets reaffirmed a “hold” rating on shares of Deutsche Telekom AG in a research note on Wednesday, May 24th. Goldman Sachs Group, Inc. (The) raised shares of Deutsche Telekom AG from a “neutral” rating to a “conviction-buy” rating in a research note on Friday, May 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.00.

Deutsche Telekom AG (NASDAQ:DTEGY) traded up 0.89% on Thursday, hitting $18.09. The stock had a trading volume of 94,009 shares. The firm’s 50 day moving average price is $18.26 and its 200-day moving average price is $18.10. The stock has a market cap of $84.46 billion and a PE ratio of 131.09. Deutsche Telekom AG has a 12 month low of $15.19 and a 12 month high of $20.26.

Deutsche Telekom AG (NASDAQ:DTEGY) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business had revenue of $19.58 billion during the quarter. Deutsche Telekom AG had a return on equity of 11.81% and a net margin of 6.30%. On average, analysts forecast that Deutsche Telekom AG will post $1.05 EPS for the current year.

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Deutsche Telekom AG Company Profile

Deutsche Telekom AG provides information technology (IT) and telecommunications services. The Company’s operating segments include Germany, consisting of fixed-network and mobile activities in Germany; United States, which consists of mobile activities in the United States market; Europe, consisting of fixed-network and mobile operations of the national companies in various European countries, such as Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands and Austria; Systems Solutions, which operates information and communication technology (ICT) systems for multinational corporations and public sector institutions, and Group Headquarters & Group Services, which consists of the operations of service headquarters and various other subsidiaries of the Company.

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