Deutsche Telekom (OTCMKTS:DTEGY) Reaches New 12-Month High – Here’s What Happened

Deutsche Telekom AG (OTCMKTS:DTEGY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.78 and last traded at $39.3550, with a volume of 38967 shares changing hands. The stock had previously closed at $38.72.

Analyst Upgrades and Downgrades

Separately, Erste Group Bank upgraded shares of Deutsche Telekom from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Deutsche Telekom currently has an average rating of “Moderate Buy”.

Deutsche Telekom Price Performance

The business has a fifty day moving average of $33.85 and a 200-day moving average of $33.79. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market capitalization of $193.35 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.43.

About Deutsche Telekom

Deutsche Telekom AG is a leading European telecommunications company headquartered in Bonn, Germany. The firm provides a broad range of telecommunications and information technology services for consumer, business and wholesale customers. Its core activities include fixed-line and mobile voice services, broadband internet access, television services and a suite of enterprise IT and network solutions.

Deutsche Telekom offers consumer products under well-known retail brands in its home market and across Europe, and operates extensive mobile networks including 4G and 5G infrastructure.