Deutsche Telekom AG (DTEGY) Upgraded to “Buy” at Zacks Investment Research
Deutsche Telekom AG (NASDAQ:DTEGY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $20.00 target price on the utilities provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.38% from the company’s previous close.
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 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 company. Deutsche Telekom AG has a consensus rating of “Buy” and a consensus price target of $20.00.
Deutsche Telekom AG (NASDAQ DTEGY) traded up $0.06 during trading on Friday, reaching $17.64. The company had a trading volume of 321,332 shares, compared to its average volume of 155,649. Deutsche Telekom AG has a 1 year low of $15.19 and a 1 year high of $20.26.
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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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