Deutsche Telekom (DTEGY) Upgraded to Hold by Zacks Investment Research
Zacks Investment Research upgraded shares of Deutsche Telekom (OTCMKTS:DTEGY) from a sell rating to a hold rating in a report released on Monday.
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. Morgan Stanley upgraded Deutsche Telekom from an equal weight rating to an overweight rating in a research note on Tuesday, March 6th. ValuEngine upgraded Deutsche Telekom from a hold rating to a buy rating in a research note on Thursday, March 1st. DZ Bank reiterated a buy rating on shares of Deutsche Telekom in a research note on Wednesday, April 11th. Finally, Barclays cut Deutsche Telekom from an overweight rating to an equal weight rating in a research note on Monday, March 5th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $20.00.
About Deutsche Telekom
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.
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