Deutsche Telekom (DTEGY) Lowered to Strong Sell at Zacks Investment Research
Zacks Investment Research cut shares of Deutsche Telekom (OTCMKTS:DTEGY) from a hold rating to a strong sell rating in a report published on Wednesday.
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. DZ Bank reiterated a buy rating on shares of Deutsche Telekom in a report on Monday, November 6th. Kepler Capital Markets downgraded shares of Deutsche Telekom from a buy rating to a hold rating in a report on Monday, November 6th. Finally, Oddo Bhf reiterated a buy rating on shares of Deutsche Telekom in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $37.50.
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Deutsche Telekom 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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