Deutsche Telekom (OTCMKTS:DTEGY) Posts Earnings Results

Deutsche Telekom (OTCMKTS:DTEGY) announced its earnings results on Wednesday. The utilities provider reported $0.51 EPS for the quarter, Zacks reports. Deutsche Telekom had a net margin of 5.36% and a return on equity of 7.65%.

Deutsche Telekom Trading Up 1.9 %

Shares of OTCMKTS DTEGY traded up $0.68 during midday trading on Wednesday, reaching $36.86. The stock had a trading volume of 4,448,156 shares, compared to its average volume of 802,382. Deutsche Telekom has a 12-month low of $22.03 and a 12-month high of $36.92. The stock has a 50-day moving average of $32.29 and a 200-day moving average of $30.67. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.08 and a current ratio of 1.15.

Wall Street Analysts Forecast Growth

DTEGY has been the subject of several analyst reports. UBS Group upgraded Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Barclays upgraded Deutsche Telekom to a “strong-buy” rating in a research report on Monday, November 18th.

About Deutsche Telekom

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services segments. 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.