Deutsche Telekom (OTCMKTS:DTEGY) Shares Gap Down – Here’s Why

Deutsche Telekom AG (OTCMKTS:DTEGY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $34.04, but opened at $32.20. Deutsche Telekom shares last traded at $31.96, with a volume of 8,212 shares traded.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research cut Deutsche Telekom from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Wall Street Zen lowered Deutsche Telekom from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Erste Group Bank raised Deutsche Telekom from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, Citigroup reissued a “buy” rating on shares of Deutsche Telekom in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Deutsche Telekom currently has an average rating of “Moderate Buy”.

Deutsche Telekom Trading Down 5.4%

The company has a 50 day moving average price of $37.25 and a 200 day moving average price of $34.26. The firm has a market cap of $157.95 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.89 and a beta of 0.41. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.04 and a current ratio of 1.12.

Deutsche Telekom Company Profile

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.