Deutsche Telekom AG (OTCMKTS:DTEGY – Get Rating) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 12,100 shares, a drop of 83.9% from the July 15th total of 75,000 shares. Based on an average daily trading volume, of 661,300 shares, the days-to-cover ratio is currently 0.0 days.
Deutsche Telekom Stock Up 0.5 %
OTCMKTS:DTEGY traded up $0.09 during trading hours on Thursday, hitting $19.49. 189,443 shares of the company traded hands, compared to its average volume of 230,396. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 1.14. The firm's 50-day simple moving average is $19.42 and its 200-day simple moving average is $19.02. Deutsche Telekom has a one year low of $16.32 and a one year high of $22.23. The company has a market cap of $92.80 billion, a PE ratio of 11.41, a PEG ratio of 0.84 and a beta of 0.49.
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Deutsche Telekom (OTCMKTS:DTEGY – Get Rating) last issued its quarterly earnings data on Friday, May 13th. The utilities provider reported $0.50 earnings per share for the quarter. Deutsche Telekom had a return on equity of 8.43% and a net margin of 6.46%. The business had revenue of $31.44 billion for the quarter, compared to analysts' expectations of $29.99 billion. Equities analysts predict that Deutsche Telekom will post 1.36 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages recently issued reports on DTEGY. Morgan Stanley increased their target price on Deutsche Telekom from €22.00 ($22.45) to €24.00 ($24.49) in a report on Wednesday, June 15th. JPMorgan Chase & Co. increased their target price on Deutsche Telekom from €27.00 ($27.55) to €28.50 ($29.08) and gave the stock an "overweight" rating in a report on Wednesday, June 29th. UBS Group increased their target price on Deutsche Telekom from €25.20 ($25.71) to €26.00 ($26.53) and gave the stock a "buy" rating in a report on Monday, May 16th. Finally, Kepler Capital Markets began coverage on Deutsche Telekom in a report on Monday, August 1st. They issued a "buy" rating on the stock. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $26.25.
About Deutsche Telekom
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Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. 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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