Short Interest in Deutsche Telekom AG (OTCMKTS:DTEGY) Grows By 38.7%

Key Points

• Short interest in Deutsche Telekom AG rose by 38.7% in August, totaling 378,100 shares compared to 272,700 shares at the end of July.
• Deutsche Telekom's quarterly earnings beat expectations, with reported earnings of $0.58 per share and revenue of $33.33 billion, surpassing the consensus estimates.
• Recent analyst actions included d downgrades from "buy" to "hold" from both Wall Street Zen and Zacks Research, although Morgan Stanley maintained an "overweight" rating.

Deutsche Telekom AG (OTCMKTS:DTEGY - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 378,100 shares, anincreaseof38.7% from the July 31st total of 272,700 shares. Based on an average daily volume of 897,000 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 897,000 shares, the short-interest ratio is presently 0.4 days.

Deutsche Telekom Stock Performance

DTEGY stock traded down $1.46 during trading on Monday, reaching $35.76. The company had a trading volume of 374,837 shares, compared to its average volume of 681,098. The firm has a 50-day simple moving average of $36.22 and a 200-day simple moving average of $36.42. The company has a market cap of $175.41 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.12. Deutsche Telekom has a twelve month low of $28.59 and a twelve month high of $39.04.

Deutsche Telekom (OTCMKTS:DTEGY - Get Free Report) last posted its quarterly 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. Deutsche Telekom had a return on equity of 10.14% and a net margin of 10.67%.The business had revenue of $33.33 billion for the quarter, compared to the consensus estimate of $28.76 billion. As a group, sell-side analysts expect that Deutsche Telekom will post 1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DTEGY. Wall Street Zen lowered shares of Deutsche Telekom from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research downgraded shares of Deutsche Telekom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Morgan Stanley restated an "overweight" rating on shares of Deutsche Telekom in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Deutsche Telekom has an average rating of "Buy".

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.

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