Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Update

Key Points

• Deutsche Telekom AG experienced a significant decrease in short interest of 51.9% in September 2023, bringing the total to 164,600 shares.
• The company's quarterly earnings beat analyst expectations, reporting $0.58 EPS against a consensus of $0.57 EPS, with a revenue of $33.33 billion.
• Analysts have recently adjusted their ratings, with Wall Street Zen and Zacks Research downgrading the stock from "buy" to "hold", while the overall consensus remains a "Buy".

Deutsche Telekom AG (OTCMKTS:DTEGY - Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 164,600 shares, a decrease of 51.9% from the September 15th total of 342,100 shares. Based on an average daily trading volume, of 1,560,500 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 1,560,500 shares, the short-interest ratio is currently 0.1 days.

Deutsche Telekom Price Performance

Shares of Deutsche Telekom stock traded up $0.27 during trading on Monday, reaching $35.18. 90,888 shares of the stock traded hands, compared to its average volume of 671,727. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.12 and a quick ratio of 1.06. Deutsche Telekom has a 52-week low of $29.29 and a 52-week high of $39.04. The business has a fifty day simple moving average of $35.18 and a two-hundred day simple moving average of $35.96. The company has a market capitalization of $172.56 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.60 and a beta of 0.57.

Deutsche Telekom (OTCMKTS:DTEGY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.58 EPS for the quarter, beating 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 firm had revenue of $33.33 billion during the quarter, compared to the consensus estimate of $28.76 billion. Sell-side analysts expect that Deutsche Telekom will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DTEGY shares. Wall Street Zen lowered Deutsche Telekom from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research lowered Deutsche Telekom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Deutsche Telekom has an average rating of "Buy".

About Deutsche Telekom

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.

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