Deutsche Telekom (OTCMKTS:DTEGY) Announces Quarterly Earnings Results

Key Points

• Deutsche Telekom reported earnings of $0.58 per share for the quarter, exceeding the consensus estimate of $0.57, with quarterly revenue reaching $33.33 billion compared to an expected $28.76 billion.
• The stock price fell by 1.3% during trading, closing at $34.37, after showing a twelve month low of $26.71 and a high of $39.04.
• Analysts have a positive outlook on Deutsche Telekom, with several upgrades leading to a current average rating of "Buy" for the stock.

Deutsche Telekom (OTCMKTS:DTEGY - Get Free Report) released its quarterly earnings results on Thursday. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01, Zacks reports. Deutsche Telekom had a return on equity of 10.03% and a net margin of 10.26%. The company had revenue of $33.33 billion during the quarter, compared to the consensus estimate of $28.76 billion.

Deutsche Telekom Trading Down 1.3%

Deutsche Telekom stock traded down $0.44 during midday trading on Friday, reaching $34.37. The stock had a trading volume of 1,569,673 shares, compared to its average volume of 734,687. Deutsche Telekom has a twelve month low of $26.71 and a twelve month high of $39.04. The stock has a market capitalization of $171.36 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.48 and a beta of 0.61. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.23. The stock's 50-day simple moving average is $36.41 and its 200 day simple moving average is $36.03.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DTEGY shares. Morgan Stanley restated an "overweight" rating on shares of Deutsche Telekom in a report on Wednesday, May 14th. Wall Street Zen upgraded Deutsche Telekom from a "hold" rating to a "buy" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy".

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.

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