Deutsche Telekom (OTCMKTS:DTEGY) Cut to "Hold" at Wall Street Zen

Wall Street Zen cut shares of Deutsche Telekom (OTCMKTS:DTEGY - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other brokerages also recently weighed in on DTEGY. Morgan Stanley restated an "overweight" rating on shares of Deutsche Telekom in a research note on Wednesday, May 14th. Hsbc Global Res downgraded Deutsche Telekom from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy".

Deutsche Telekom Stock Up 1.3%

Shares of DTEGY traded up $0.48 during trading hours on Friday, hitting $38.86. 259,136 shares of the company were exchanged, compared to its average volume of 925,647. The company has a market cap of $193.77 billion, a PE ratio of 14.83, a PEG ratio of 1.35 and a beta of 0.63. The firm's 50 day moving average is $36.39 and its 200-day moving average is $33.99. Deutsche Telekom has a 52 week low of $23.28 and a 52 week high of $39.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.08 and a current ratio of 1.15.

Deutsche Telekom (OTCMKTS:DTEGY - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. Deutsche Telekom had a return on equity of 7.65% and a net margin of 5.36%. The company had revenue of $33.37 billion during the quarter, compared to the consensus estimate of $29.43 billion. On average, equities research analysts forecast that Deutsche Telekom will post 1.86 EPS for the current fiscal year.

Deutsche Telekom Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 11th were issued a $0.9731 dividend. This is a boost from Deutsche Telekom's previous dividend of $0.81. The ex-dividend date of this dividend was Friday, April 11th. Deutsche Telekom's dividend payout ratio is 71.76%.

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.