Deutsche Telekom (OTCMKTS:DTEGY) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Deutsche Telekom (OTCMKTS:DTEGY) from a hold rating to a sell rating in a research note issued to investors on Monday, reports.

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, Credit Suisse Group set a GBX 6,350 ($82.97) target price on shares of AstraZeneca and gave the company a buy rating in a report on Friday, March 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Deutsche Telekom currently has a consensus rating of Hold and an average target price of $19.00.

OTCMKTS:DTEGY opened at $17.16 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.66 and a quick ratio of 0.61. The company’s 50-day simple moving average is $17.23. Deutsche Telekom has a twelve month low of $15.51 and a twelve month high of $17.95. The stock has a market cap of $81.71 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.87 and a beta of 0.32.

About Deutsche Telekom

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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