Deutsche Telekom (OTCMKTS:DTEGY) Hits New 1-Year High - Here's What Happened

Deutsche Telekom AG (OTCMKTS:DTEGY - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $39.04 and last traded at $38.87, with a volume of 191801 shares traded. The stock had previously closed at $38.47.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DTEGY. Hsbc Global Res downgraded Deutsche Telekom from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Wall Street Zen raised shares of Deutsche Telekom from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Morgan Stanley restated an "overweight" rating on shares of Deutsche Telekom in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Deutsche Telekom has an average rating of "Buy".

Deutsche Telekom Stock Up 1.1%

The business's 50 day moving average is $36.63 and its 200 day moving average is $34.35. The stock has a market cap of $193.84 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62. 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 announced its earnings results on Thursday, May 15th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. Deutsche Telekom had a net margin of 5.36% and a return on equity of 7.65%. The business had revenue of $33.37 billion for the quarter, compared to analyst estimates of $29.43 billion. Equities analysts expect that Deutsche Telekom AG will post 1.86 earnings per share for the current year.

Deutsche Telekom Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 21st. Investors of record on Friday, April 11th were paid a $0.9731 dividend. This is an increase 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 (DPR) 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.