Deutsche Telekom (OTCMKTS:DTEGY) Lowered to Hold Rating by Hsbc Global Res

Deutsche Telekom (OTCMKTS:DTEGY) was downgraded by equities researchers at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on DTEGY. UBS Group raised shares of Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Barclays raised shares of Deutsche Telekom to a “strong-buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Deutsche Telekom Stock Performance

Shares of DTEGY stock opened at $35.60 on Wednesday. The business’s fifty day simple moving average is $33.17 and its 200-day simple moving average is $31.07. The company has a market cap of $177.52 billion, a PE ratio of 14.59, a PEG ratio of 1.35 and a beta of 0.77. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04. Deutsche Telekom has a 12-month low of $22.03 and a 12-month high of $37.74.

Deutsche Telekom (OTCMKTS:DTEGY) last issued its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $33 billion for the quarter. Deutsche Telekom had a return on equity of 7.65% and a net margin of 5.36%. Analysts expect that Deutsche Telekom will post 1.86 earnings per share for the current fiscal year.

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.