Zacks Investment Research Lowers Deutsche Telekom AG (DTEGY) to Hold

Zacks Investment Research cut shares of Deutsche Telekom AG (NASDAQ:DTEGY) from a buy rating to a hold rating in a research report sent to investors on Wednesday, November 1st.

According to Zacks, “Deutsche Telekom is Europe’s largest communications company and one of the largest communications carriers worldwide. Through T-Mobile, Deutsche Telekom’s mobile telephony subsidiary, and through other subsidiaries and investments, Deutsche Telekom serves mobile telephony customers worldwide. Deutsche Telekom offers its customers a complete range of fixed-line voice telephony products and services. “

Separately, Kepler Capital Markets raised shares of Deutsche Telekom AG from a hold rating to a buy rating in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $20.00.

Shares of Deutsche Telekom AG (DTEGY) opened at $17.64 on Wednesday. Deutsche Telekom AG has a 52-week low of $15.19 and a 52-week high of $20.26.

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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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Analyst Recommendations for Deutsche Telekom AG (NASDAQ:DTEGY)

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