Deutsche Telekom (DTEGY) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Deutsche Telekom (OTCMKTS:DTEGY) from a hold rating to a sell rating in a research note published on Monday 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 research firms have also recently weighed in on DTEGY. ValuEngine raised Deutsche Telekom from a sell rating to a hold rating in a research report on Wednesday, October 17th. Bank of America upgraded Deutsche Telekom from a neutral rating to a buy rating in a research note on Thursday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $17.00.

DTEGY stock opened at $17.16 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.79 and a current ratio of 0.86. Deutsche Telekom has a 1-year low of $15.03 and a 1-year high of $18.45. The firm has a market capitalization of $80.82 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.42 and a beta of 0.54.

Deutsche Telekom Company Profile

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. 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.

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