Deutsche Telekom AG (NASDAQ:DTEGY) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Deutsche Telekom AG (NASDAQ:DTEGY) from a buy rating to a hold rating in a research note released on Wednesday, November 1st.

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. “

Separately, Kepler Capital Markets raised shares of Deutsche Telekom AG from a hold rating to a buy rating in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $20.00.

Deutsche Telekom AG (NASDAQ DTEGY) opened at $17.64 on Wednesday. Deutsche Telekom AG has a 52 week low of $15.19 and a 52 week high of $20.26.

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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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