Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Update

Deutsche Telekom AG (OTCMKTS:DTEGY) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 84,692 shares, a decline of 64.9% from the April 15th total of 241,052 shares. Based on an average daily trading volume, of 1,305,362 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Deutsche Telekom Stock Down 1.8%

OTCMKTS DTEGY traded down $0.58 on Thursday, reaching $32.27. The stock had a trading volume of 825,769 shares, compared to its average volume of 486,061. The business has a 50 day moving average price of $35.41 and a 200 day moving average price of $34.04. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.07. Deutsche Telekom has a 1 year low of $30.31 and a 1 year high of $40.58. The company has a market capitalization of $158.29 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.86 and a beta of 0.30.

Analyst Upgrades and Downgrades

DTEGY has been the topic of a number of research analyst reports. Erste Group Bank upgraded Deutsche Telekom from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Wall Street Zen downgraded Deutsche Telekom from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Citigroup reiterated a “buy” rating on shares of Deutsche Telekom in a report on Monday, April 20th. Finally, Zacks Research upgraded Deutsche Telekom from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Deutsche Telekom

Deutsche Telekom AG is a leading European telecommunications company headquartered in Bonn, Germany. The firm provides a broad range of telecommunications and information technology services for consumer, business and wholesale customers. Its core activities include fixed-line and mobile voice services, broadband internet access, television services and a suite of enterprise IT and network solutions.

Deutsche Telekom offers consumer products under well-known retail brands in its home market and across Europe, and operates extensive mobile networks including 4G and 5G infrastructure.