Zacks Investment Research Downgrades Deutsche Telekom AG (DTEGY) to Sell

Zacks Investment Research lowered shares of Deutsche Telekom AG (NASDAQ:DTEGY) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

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 analysts also recently weighed in on DTEGY. Goldman Sachs Group, Inc. (The) upgraded Deutsche Telekom AG from a neutral rating to a conviction-buy rating in a research note on Friday, May 19th. Kepler Capital Markets restated a hold rating on shares of Deutsche Telekom AG in a research note on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $20.00.

Deutsche Telekom AG (DTEGY) traded up 0.56% on Wednesday, hitting $17.92. The stock had a trading volume of 149,676 shares. The company has a market cap of $83.67 billion and a P/E ratio of 127.09. Deutsche Telekom AG has a 1-year low of $15.19 and a 1-year high of $20.26. The stock has a 50 day moving average price of $18.23 and a 200 day moving average price of $18.13.

Deutsche Telekom AG (NASDAQ:DTEGY) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). The company had revenue of $19.58 billion during the quarter. Deutsche Telekom AG had a return on equity of 11.81% and a net margin of 6.30%. On average, equities research analysts expect that Deutsche Telekom AG will post $1.05 EPS for the current fiscal year.

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About Deutsche Telekom AG

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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