Deutsche Telekom AG (NASDAQ:DTEGY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Friday. The brokerage currently has a $20.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.38% from the company’s current price.
According to Zacks, “Deutsche Telekom is Europe’s largest communications company and one of the largest communications carriers worldwide. Through T-Mobile, Deutsche Telekom’s mobile telephony subsidiary, and through other subsidiaries and investments, Deutsche Telekom serves mobile telephony customers worldwide. Deutsche Telekom offers its customers a complete range of fixed-line voice telephony products and services. “
Separately, Kepler Capital Markets downgraded shares of Deutsche Telekom AG from a “buy” rating to a “hold” rating in a report on Monday, November 6th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Deutsche Telekom AG presently has an average rating of “Buy” and a consensus target price of $20.00.
Deutsche Telekom AG (NASDAQ:DTEGY) traded up $0.06 during mid-day trading on Friday, reaching $17.64. 322,280 shares of the company were exchanged, compared to its average volume of 155,649. Deutsche Telekom AG has a 52-week low of $15.19 and a 52-week high of $20.26.
About Deutsche Telekom AG
Deutsche Telekom AG provides information technology (IT) and telecommunications services. The Company’s operating segments include Germany, consisting of fixed-network and mobile activities in Germany; United States, which consists of mobile activities in the United States market; Europe, consisting of fixed-network and mobile operations of the national companies in various European countries, such as Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands and Austria; Systems Solutions, which operates information and communication technology (ICT) systems for multinational corporations and public sector institutions, and Group Headquarters & Group Services, which consists of the operations of service headquarters and various other subsidiaries of the Company.
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