Deutsche Telekom AG (DTEGY) Rating Increased to Buy at Zacks Investment Research
Deutsche Telekom AG (NASDAQ:DTEGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $20.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.51% from the stock’s current price.
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. “
DTEGY has been the subject of several other reports. Goldman Sachs Group, Inc. (The) raised shares of Deutsche Telekom AG from a “neutral” rating to a “conviction-buy” rating in a report on Friday, May 19th. Kepler Capital Markets reissued a “hold” rating on shares of Deutsche Telekom AG in a report on Wednesday, May 24th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $20.00.
Shares of Deutsche Telekom AG (NASDAQ DTEGY) opened at 18.0975 on Monday. 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 quarterly 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 net margin of 6.30% and a return on equity of 11.81%. The firm had revenue of $19.58 billion for the quarter. Equities research analysts forecast that Deutsche Telekom AG will post $1.05 earnings per share for the current year.
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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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