Deutsche Telekom AG (DTEGY) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Deutsche Telekom AG (NASDAQ:DTEGY) have been given a consensus rating of “Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company.
DTEGY has been the subject of several recent research reports. Zacks Investment Research raised Deutsche Telekom AG from a “sell” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) raised Deutsche Telekom AG from a “neutral” rating to a “conviction-buy” rating in a report on Friday, May 19th. Finally, Kepler Capital Markets reaffirmed a “hold” rating on shares of Deutsche Telekom AG in a report on Wednesday, May 24th.
Shares of Deutsche Telekom AG (NASDAQ:DTEGY) opened at 17.92 on Friday. The firm has a 50-day moving average price of $18.23 and a 200-day moving average price of $18.13. Deutsche Telekom AG has a 1-year low of $15.19 and a 1-year high of $20.26. The company has a market cap of $83.67 billion and a P/E ratio of 127.09.
Deutsche Telekom AG (NASDAQ:DTEGY) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). The firm had revenue of $19.58 billion during the quarter. Deutsche Telekom AG had a net margin of 6.30% and a return on equity of 11.81%. On average, equities analysts expect that Deutsche Telekom AG will post $1.05 EPS for the current year.
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About Deutsche Telekom AG
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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