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

Shares of Deutsche Telekom AG (OTCMKTS:DTEGY) gapped down prior to trading on Tuesday . The stock had previously closed at $36.99, but opened at $35.73. Deutsche Telekom shares last traded at $35.6650, with a volume of 83,008 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DTEGY shares. Wall Street Zen lowered Deutsche Telekom from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Zacks Research lowered Deutsche Telekom from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Finally, Erste Group Bank upgraded Deutsche Telekom from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Deutsche Telekom Trading Up 2.4%

The stock has a market cap of $179.33 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.99 and a beta of 0.41. The stock has a 50-day moving average price of $37.30 and a two-hundred day moving average price of $34.20. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.12 and a quick ratio of 1.04.

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.