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

Key Points

• Deutsche Telekom has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, although it still maintains a consensus rating of "Buy" among analysts.
• In its latest quarterly earnings, Deutsche Telekom reported an EPS of $0.58, exceeding the consensus estimate of $0.57, with revenues of $33.33 billion against expectations of $28.76 billion.
• The company's shares opened at $34.37, with a market cap of $171.36 billion and a one-year high of $39.04.

Deutsche Telekom (OTCMKTS:DTEGY - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Separately, Morgan Stanley reissued an "overweight" rating on shares of Deutsche Telekom in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy".

Deutsche Telekom Trading Up 2.1%

DTEGY stock traded up $0.72 during mid-day trading on Friday, hitting $35.54. 252,712 shares of the company were exchanged, compared to its average volume of 729,309. The business has a fifty day simple moving average of $36.27 and a 200-day simple moving average of $36.14. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 1.05. Deutsche Telekom has a 12-month low of $27.00 and a 12-month high of $39.04. The firm has a market capitalization of $177.22 billion, a P/E ratio of 12.78, a PEG ratio of 1.40 and a beta of 0.61.

Deutsche Telekom (OTCMKTS:DTEGY - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $33.33 billion for the quarter, compared to analysts' expectations of $28.76 billion. Deutsche Telekom had a net margin of 10.67% and a return on equity of 10.10%. On average, equities research analysts predict that Deutsche Telekom will post 1.86 earnings per share for the current fiscal 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.