Zacks Investment Research upgraded shares of Deutsche Telekom AG (NASDAQ:DTEGY) from a sell rating to a buy rating in a report released on Tuesday morning. They currently have $20.00 price objective on the utilities provider’s stock.

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 topic of several other research reports. Goldman Sachs Group, Inc. (The) upgraded Deutsche Telekom AG from a neutral rating to a conviction-buy rating in a report on Friday, May 19th. Kepler Capital Markets reiterated a hold rating on shares of Deutsche Telekom AG in a report on Wednesday, May 24th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $20.00.

Deutsche Telekom AG (DTEGY) traded up 0.83% on Tuesday, reaching $18.33. 67,218 shares of the company’s stock were exchanged. Deutsche Telekom AG has a one year low of $15.19 and a one year high of $20.26. The firm has a 50 day moving average price of $18.30 and a 200 day moving average price of $17.89.

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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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Analyst Recommendations for Deutsche Telekom AG (NASDAQ:DTEGY)

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