Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Update

Deutsche Telekom AG (OTCMKTS:DTEGY – Get Free Report) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 84,692 shares, a decline of 64.9% from the April 15th total of 241,052 shares. Based on an average daily volume of 1,305,362 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

DTEGY has been the subject of several recent analyst reports. Zacks Research upgraded Deutsche Telekom from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Deutsche Telekom from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Erste Group Bank upgraded Deutsche Telekom from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, Citigroup reiterated a “buy” rating on shares of Deutsche Telekom in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Telekom presently has a consensus rating of “Moderate Buy”.

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Deutsche Telekom Stock Performance

Shares of OTCMKTS DTEGY traded down $0.58 during trading hours on Thursday, hitting $32.27. 825,769 shares of the company’s stock were exchanged, compared to its average volume of 486,061. The company’s 50-day moving average price is $35.41 and its 200-day moving average price is $34.04. Deutsche Telekom has a 1-year low of $30.31 and a 1-year high of $40.58. The stock has a market capitalization of $158.29 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.86 and a beta of 0.30. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.12 and a quick ratio of 1.04.

About Deutsche Telekom

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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.

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