Erste Group Bank Upgrades Deutsche Telekom (OTCMKTS:DTEGY) to “Buy”

Deutsche Telekom (OTCMKTS:DTEGY) was upgraded by equities research analysts at Erste Group Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Deutsche Telekom Price Performance

OTCMKTS DTEGY traded down $0.57 on Wednesday, hitting $38.99. 32,900 shares of the company’s stock were exchanged, compared to its average volume of 424,827. The stock has a 50-day moving average of $33.28 and a 200-day moving average of $33.72. The stock has a market cap of $191.26 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.40 and a beta of 0.43. Deutsche Telekom has a 52 week low of $30.31 and a 52 week high of $39.64. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 1.04.

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.