Deutsche Telekom (OTCMKTS:DTEGY) Shares Gap Down – Should You Sell?

Deutsche Telekom AG (OTCMKTS:DTEGY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $36.48, but opened at $34.11. Deutsche Telekom shares last traded at $34.26, with a volume of 72,427 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DTEGY shares. Wall Street Zen downgraded shares of Deutsche Telekom from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Zacks Research downgraded shares of Deutsche Telekom from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Finally, Erste Group Bank raised shares of Deutsche Telekom from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Telekom presently has an average rating of “Hold”.

Deutsche Telekom Price Performance

The firm’s fifty day moving average price is $37.43 and its 200 day moving average price is $34.24. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.07. The stock has a market cap of $167.32 billion, a PE ratio of 15.43, a P/E/G ratio of 0.98 and a beta of 0.41.

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.