Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Update

Key Points

• Deutsche Telekom AG experienced a significant decrease in short interest, dropping by 24.9% in August, with total short interest at 283,900 shares as of August 31st.
• The company reported earnings of $0.58 per share for the last quarter, exceeding analyst expectations, with a revenue of $33.33 billion.
• Analysts have adjusted their ratings on the stock, with Zacks Research and Wall Street Zen downgrading it from "strong-buy" to "hold," while four analysts still maintain a "Strong Buy" rating.

Deutsche Telekom AG (OTCMKTS:DTEGY - Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 283,900 shares, a decline of 24.9% from the August 15th total of 378,100 shares. Based on an average trading volume of 582,300 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 582,300 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Several equities analysts recently issued reports on DTEGY shares. Zacks Research cut Deutsche Telekom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Deutsche Telekom from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Deutsche Telekom Trading Down 0.7%

OTCMKTS DTEGY traded down $0.24 during trading on Friday, hitting $34.19. The stock had a trading volume of 246,149 shares, compared to its average volume of 275,450. The stock has a market capitalization of $167.71 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 1.38 and a beta of 0.60. The stock has a 50 day simple moving average of $35.95 and a 200 day simple moving average of $36.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.12. Deutsche Telekom has a one year low of $28.72 and a one year high of $39.04.

Deutsche Telekom (OTCMKTS:DTEGY - Get Free Report) last released its earnings results on Thursday, August 7th. The utilities provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Deutsche Telekom had a net margin of 10.67% and a return on equity of 10.14%. The business had revenue of $33.33 billion during the quarter, compared to analysts' expectations of $28.76 billion. Sell-side analysts predict that Deutsche Telekom will post 1.86 earnings per share 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.