Deutsche Telekom AG (NASDAQ:DTEGY) Releases Earnings Results, Misses Estimates By $0.07 EPS
Deutsche Telekom AG (NASDAQ:DTEGY) issued its earnings results on Thursday. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07, Morningstar.com reports. The business had revenue of $19.58 billion for the quarter. Deutsche Telekom AG had a return on equity of 10.07% and a net margin of 4.34%.
Deutsche Telekom AG (NASDAQ:DTEGY) traded down 0.54% during midday trading on Friday, hitting $18.55. The company had a trading volume of 158,565 shares. The firm has a market cap of $86.39 billion and a PE ratio of 250.68. Deutsche Telekom AG has a 12-month low of $15.19 and a 12-month high of $20.26.
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A number of research firms recently weighed in on DTEGY. Zacks Investment Research upgraded Deutsche Telekom AG from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, May 2nd. Kepler Capital Markets restated a “hold” rating on shares of Deutsche Telekom AG in a report on Wednesday, May 24th. Finally, Goldman Sachs Group, Inc. (The) upgraded Deutsche Telekom AG from a “neutral” rating to a “conviction-buy” rating in a report on Friday, May 19th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $20.00.
Deutsche Telekom AG Company Profile
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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