Deutsche Telekom AG (OTCMKTS:DTEGY – Get Rating) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 423,300 shares, a growth of 1,287.9% from the August 15th total of 30,500 shares. Based on an average daily volume of 780,500 shares, the short-interest ratio is currently 0.5 days.
Deutsche Telekom Price Performance
Shares of OTCMKTS:DTEGY traded up $0.03 during midday trading on Thursday, hitting $19.17. The stock had a trading volume of 338,618 shares, compared to its average volume of 510,842. The company's 50-day moving average price is $19.07 and its 200-day moving average price is $18.98. Deutsche Telekom has a fifty-two week low of $16.32 and a fifty-two week high of $20.84. 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 company has a market capitalization of $91.28 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 0.80 and a beta of 0.48.
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Deutsche Telekom (OTCMKTS:DTEGY – Get Rating) last released its earnings results on Thursday, August 11th. The utilities provider reported $0.52 earnings per share for the quarter. Deutsche Telekom had a return on equity of 8.42% and a net margin of 6.00%. The firm had revenue of $30.01 billion during the quarter, compared to analysts' expectations of $28.77 billion. As a group, equities research analysts predict that Deutsche Telekom will post 1.38 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
DTEGY has been the subject of a number of research reports. Kepler Capital Markets assumed coverage on Deutsche Telekom in a research report on Monday, August 1st. They issued a "buy" rating for the company. Morgan Stanley raised their price target on shares of Deutsche Telekom from €22.00 ($22.45) to €24.00 ($24.49) in a research note on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft increased their price target on Deutsche Telekom to €29.50 ($30.10) in a research report on Friday, September 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Deutsche Telekom from €27.00 ($27.55) to €28.50 ($29.08) and gave the stock an "overweight" rating in a research note on Wednesday, June 29th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $27.00.
Deutsche Telekom Company Profile
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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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