Deutsche Telekom AG (OTCMKTS:DTEGY) Stock Short Interest Declines 66.6%

Deutsche Telekom AG (OTCMKTS:DTEGY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 186,987 shares, a drop of 66.6% from the September 30th total of 559,104 shares. Based on an average trading volume of 1,714,287 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research firms have commented on DTEGY. Sanford C. Bernstein lowered shares of Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 24th. Kepler Capital Markets downgraded Deutsche Telekom from a “buy” rating to a “hold” rating in a research note on Thursday, August 27th. Citigroup restated a “buy” rating on shares of Deutsche Telekom in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Deutsche Telekom in a research report on Tuesday, July 21st. Finally, Zacks Research lowered Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Deutsche Telekom Price Performance

Shares of Deutsche Telekom stock traded up $0.49 on Thursday, hitting $28.51. The company’s stock had a trading volume of 381,848 shares, compared to its average volume of 625,487. The company has a market capitalization of $136.35 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 0.62 and a beta of 0.33. Deutsche Telekom has a 52-week low of $26.90 and a 52-week high of $40.58. The firm has a fifty day moving average price of $31.01 and a 200-day moving average price of $33.02. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 1.14.

Deutsche Telekom (OTCMKTS:DTEGY) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Deutsche Telekom had a net margin of 7.18% and a return on equity of 11.20%. The company had revenue of $34.53 billion during the quarter, compared to analysts’ expectations of $34.43 billion. Deutsche Telekom has set its FY 2026 guidance at 2.560-2.560 EPS. On average, equities research analysts expect that Deutsche Telekom will post 2.55 earnings per share for the current fiscal year.

About Deutsche Telekom

Deutsche Telekom AG is a telecommunications and information technology company headquartered in Bonn, Germany. The company provides mobile and fixed-line communications, broadband internet, digital television, and related services to consumers and businesses. It also offers information technology, cloud, cybersecurity, and connectivity solutions for corporate and public-sector customers.

Deutsche Telekom operates under the Telekom brand in Germany and in several European markets, including Austria, the Czech Republic, Hungary, Poland, and Slovakia.