Zacks Investment Research downgraded shares of Deutsche Telekom AG (NASDAQ:DTEGY) from a hold rating to a sell rating in a research note published on Monday morning.

According to Zacks, “Deutsche Telekom is Europe’s largest communications company and one of the largest communications carriers worldwide. Through T-Mobile, Deutsche Telekom’s mobile telephony subsidiary, and through other subsidiaries and investments, Deutsche Telekom serves mobile telephony customers worldwide. Deutsche Telekom offers its customers a complete range of fixed-line voice telephony products and services. “

Separately, Jefferies Group cut shares of Deutsche Telekom AG from a hold rating to an underperform rating in a research note on Thursday, June 16th.

Deutsche Telekom AG (NASDAQ:DTEGY) opened at 17.14 on Monday. Deutsche Telekom AG has a 52 week low of $15.22 and a 52 week high of $18.93. The stock has a 50 day moving average of $16.90 and a 200-day moving average of $17.13. The firm has a market cap of $78.79 billion and a PE ratio of 12.79.

5 Day Chart for NASDAQ:DTEGY

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