Zacks Investment Research Upgrades Deutsche Telekom AG (DTEGY) to “Hold”
Deutsche Telekom AG (NASDAQ:DTEGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
Separately, Kepler Capital Markets raised Deutsche Telekom AG from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.00.
Deutsche Telekom AG (DTEGY) traded down 0.70% during trading on Wednesday, reaching $18.35. The company had a trading volume of 201,075 shares. Deutsche Telekom AG has a 52-week low of $15.19 and a 52-week high of $20.26.
Deutsche Telekom AG (NASDAQ:DTEGY) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). Deutsche Telekom AG had a return on equity of 11.81% and a net margin of 6.30%. The firm had revenue of $19.58 billion for the quarter. Equities analysts predict that Deutsche Telekom AG will post $1.05 EPS for the current year.
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An institutional investor recently raised its position in Deutsche Telekom AG stock. Jacobs & Company raised its position in shares of Deutsche Telekom AG (NASDAQ:DTEGY) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,370 shares of the utilities provider’s stock after purchasing an additional 15,035 shares during the quarter. Jacobs & Company’s holdings in Deutsche Telekom AG were worth $3,551,000 at the end of the most recent quarter.
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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