Deutsche Telekom AG (DTEGY) Rating Lowered to Hold at Zacks Investment Research

Deutsche Telekom AG (DTEGY) Rating Lowered to Hold at Zacks Investment Research

Deutsche Telekom AG (NASDAQ:DTEGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

Several other research firms have also recently weighed in on DTEGY. DZ Bank AG reiterated a “buy” rating on shares of Deutsche Telekom AG in a research report on Wednesday, February 15th. Credit Suisse Group AG reiterated a “buy” rating on shares of Deutsche Telekom AG in a research report on Tuesday, December 6th. Goldman Sachs Group Inc cut shares of Deutsche Telekom AG from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 10th. Barclays PLC reiterated a “buy” rating on shares of Deutsche Telekom AG in a research report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. upgraded shares of Deutsche Telekom AG from a “neutral” rating to an “overweight” rating in a research report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Deutsche Telekom AG presently has a consensus rating of “Buy” and a consensus target price of $19.00.

Shares of Deutsche Telekom AG (NASDAQ:DTEGY) traded up 0.23% during mid-day trading on Tuesday, hitting $17.67. The stock had a trading volume of 74,837 shares. The stock has a market cap of $81.59 billion and a P/E ratio of 28.45. Deutsche Telekom AG has a 52 week low of $15.19 and a 52 week high of $18.38. The stock has a 50-day moving average price of $17.14 and a 200 day moving average price of $16.64.

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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