Deutsche Telekom AG (DTEGY) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Deutsche Telekom AG (NASDAQ:DTEGY) from a buy rating to a hold rating in a research note published on Wednesday morning.
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 upgraded shares of Deutsche Telekom AG from a hold rating to a buy rating in a report on Wednesday, September 20th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $20.00.
Deutsche Telekom AG (NASDAQ:DTEGY) opened at $18.18 on Wednesday.
Deutsche Telekom AG (NASDAQ:DTEGY) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the 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 during the quarter.
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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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