Deutsche Telekom AG (NASDAQ:DTEGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

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, Jefferies Group downgraded Deutsche Telekom AG from a “hold” rating to an “underperform” rating in a research note on Thursday, June 16th.

Deutsche Telekom AG (NASDAQ:DTEGY) traded up 0.40% during mid-day trading on Monday, reaching $16.18. 262,131 shares of the company were exchanged. Deutsche Telekom AG has a 1-year low of $15.22 and a 1-year high of $18.93. The stock’s 50-day moving average price is $16.93 and its 200-day moving average price is $17.13. The stock has a market capitalization of $74.38 billion and a price-to-earnings ratio of 12.10.

About Deutsche Telekom AG

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