Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Down 51.9% in September

Deutsche Telekom AG (OTCMKTS:DTEGY) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 164,600 shares, a decline of 51.9% from the September 15th total of 342,100 shares. Based on an average daily trading volume, of 1,560,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,560,500 shares, the days-to-cover ratio is presently 0.1 days.

Deutsche Telekom Stock Up 0.3%

Shares of OTCMKTS DTEGY opened at $35.00 on Tuesday. Deutsche Telekom has a 12 month low of $29.29 and a 12 month high of $39.04. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $171.70 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.60 and a beta of 0.57. The business has a 50-day moving average of $35.19 and a 200-day moving average of $35.96.

Deutsche Telekom (OTCMKTS:DTEGY) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $33.33 billion during the quarter, compared to analyst estimates of $28.76 billion. Deutsche Telekom had a return on equity of 10.14% and a net margin of 10.67%. Sell-side analysts expect that Deutsche Telekom will post 1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DTEGY has been the subject of a number of recent analyst reports. Zacks Research lowered Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen lowered Deutsche Telekom from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Deutsche Telekom currently has a consensus rating of “Buy”.

About Deutsche Telekom

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services segments. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.