Deutsche Telekom AG (DTEGY) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Deutsche Telekom AG (NASDAQ:DTEGY) have been given a consensus broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and two have given a strong buy rating to the company.
Brokerages have set a 1-year consensus target price of $21.85 for the company, according to Zacks. Zacks has also given Deutsche Telekom AG an industry rank of 91 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Deutsche Telekom AG from a “hold” rating to a “sell” rating in a research note on Monday, September 19th.
Shares of Deutsche Telekom AG (NASDAQ:DTEGY) opened at 15.97 on Friday. The stock has a 50 day moving average of $16.46 and a 200 day moving average of $16.97. Deutsche Telekom AG has a one year low of $15.22 and a one year high of $18.93. The stock has a market cap of $73.41 billion and a P/E ratio of 12.01.
About Deutsche Telekom AG
Deutsche Telekom AG provides information technology (IT) and telecommunications services. The Company’s operating segments include Germany, consisting of fixed-network and mobile activities in Germany; United States, which consists of mobile activities in the United States market; Europe, consisting of fixed-network and mobile operations of the national companies in various European countries, such as Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands and Austria; Systems Solutions, which operates information and communication technology (ICT) systems for multinational corporations and public sector institutions, and Group Headquarters & Group Services, which consists of the operations of service headquarters and various other subsidiaries of the Company.
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