Deutsche Telekom (OTCMKTS:DTEGY) Sets New 1-Year High – Here’s Why

Deutsche Telekom AG (OTCMKTS:DTEGY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.39 and last traded at $39.3090, with a volume of 29696 shares trading hands. The stock had previously closed at $38.41.

Analysts Set New Price Targets

Separately, Erste Group Bank raised Deutsche Telekom from a “hold” rating to a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Deutsche Telekom Stock Performance

The stock has a market capitalization of $188.38 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.44 and a beta of 0.43. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $33.42 and a two-hundred day simple moving average of $33.75.

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.