Short Interest in Deutsche Telekom AG (OTCMKTS:DTEGY) Increases By 41.8%

Deutsche Telekom AG (OTCMKTS:DTEGY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 104,200 shares, an increase of 41.8% from the September 30th total of 73,500 shares. Based on an average daily volume of 383,100 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DTEGY. Citigroup upgraded Deutsche Telekom to a “strong-buy” rating in a research report on Thursday, October 17th. UBS Group lowered Deutsche Telekom from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 10th. Finally, Berenberg Bank upgraded Deutsche Telekom to a “strong-buy” rating in a report on Thursday, September 19th.

Deutsche Telekom Stock Up 0.1 %

Shares of Deutsche Telekom stock traded up $0.03 during trading on Tuesday, reaching $30.58. The stock had a trading volume of 142,395 shares, compared to its average volume of 312,501. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $152.49 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.25 and a beta of 0.71. The stock has a fifty day moving average price of $29.29 and a two-hundred day moving average price of $26.38. Deutsche Telekom has a 52 week low of $21.58 and a 52 week high of $30.73.

Deutsche Telekom (OTCMKTS:DTEGY) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.54 EPS for the quarter. Deutsche Telekom had a net margin of 4.48% and a return on equity of 7.51%. The business had revenue of $30.56 billion for the quarter. Sell-side analysts predict that Deutsche Telekom will post 1.96 EPS 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.