Deutsche Telekom (ETR:DTE) Shares Down 5% - Here's What Happened

Key Points

• Deutsche Telekom AG's stock price dropped 5% during mid-day trading, reaching a low of €29.41 ($34.20) before closing at €29.75 ($34.59).
• The company maintains a market capitalization of $144.54 billion with a price-to-earnings ratio of 23.87 and a debt-to-equity ratio of 78.00.
• Deutsche Telekom provides integrated telecommunication services, operating across various segments including Germany, the US, and Europe.

Deutsche Telekom AG (ETR:DTE - Get Free Report) traded down 5% on Friday . The company traded as low as €29.41 ($34.20) and last traded at €29.75 ($34.59). 17,388,567 shares changed hands during trading, The stock had previously closed at €31.31 ($36.41).

Deutsche Telekom Stock Up 1.6%

The business has a fifty day simple moving average of €31.28 and a two-hundred day simple moving average of €32.37. The company has a quick ratio of 0.57, a current ratio of 1.15 and a debt-to-equity ratio of 78.00. The company has a market capitalization of $146.80 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 0.78 and a beta of 0.62.

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.