Deutsche Telekom (OTCMKTS:DTEGY) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank restated their sell rating on shares of Deutsche Telekom (OTCMKTS:DTEGY) in a research note issued to investors on Wednesday, July 31st, reports. They currently have a $12.70 price target on the utilities provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Deutsche Telekom from a sell rating to a hold rating in a research note on Tuesday, July 30th. Macquarie lowered Deutsche Telekom from a neutral rating to an underperform rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $15.85.

DTEGY traded down $0.06 on Wednesday, hitting $16.32. 58,500 shares of the company’s stock were exchanged, compared to its average volume of 249,145. Deutsche Telekom has a fifty-two week low of $15.51 and a fifty-two week high of $17.95. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.54. The firm has a 50-day moving average price of $16.60 and a 200-day moving average price of $16.81. The stock has a market cap of $77.71 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.39 and a beta of 0.29.

Deutsche Telekom (OTCMKTS:DTEGY) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter. Deutsche Telekom had a net margin of 3.22% and a return on equity of 10.53%. The company had revenue of $22.10 billion for the quarter. On average, equities analysts predict that Deutsche Telekom will post 1.09 EPS for the current year.

About Deutsche Telekom

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. 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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