Deutsche Telekom (OTCMKTS:DTEGY) Upgraded to “Strong-Buy” by Citigroup

Citigroup upgraded shares of Deutsche Telekom (OTCMKTS:DTEGY) to a strong-buy rating in a research note issued to investors on Thursday morning, Zacks.com reports.

A number of other analysts also recently weighed in on the stock. UBS Group downgraded shares of Deutsche Telekom from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 10th. Berenberg Bank upgraded shares of Deutsche Telekom to a “strong-buy” rating in a report on Thursday, September 19th.

Deutsche Telekom Price Performance

DTEGY stock opened at $30.67 on Thursday. The firm has a 50-day moving average of $28.92 and a 200 day moving average of $26.06. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.99 and a quick ratio of 0.93. The company has a market cap of $152.93 billion, a P/E ratio of 17.52, a PEG ratio of 1.25 and a beta of 0.71. Deutsche Telekom has a 1 year low of $21.18 and a 1 year high of $30.73.

Deutsche Telekom (OTCMKTS:DTEGY) last released its earnings results on Thursday, August 8th. The utilities provider reported $0.54 EPS for the quarter. Deutsche Telekom had a return on equity of 7.51% and a net margin of 4.48%. The company had revenue of $30.56 billion during the quarter. On average, sell-side analysts forecast that Deutsche Telekom will post 1.96 EPS for the current year.

Deutsche Telekom Company Profile

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.