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

Shares of Deutsche Telekom AG (OTCMKTS:DTEGY) gapped down prior to trading on Wednesday . The stock had previously closed at $34.04, but opened at $32.20. Deutsche Telekom shares last traded at $31.96, with a volume of 8,212 shares trading hands.

Analyst Upgrades and Downgrades

DTEGY has been the topic of several recent research reports. Erste Group Bank upgraded Deutsche Telekom from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Deutsche Telekom from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Zacks Research lowered shares of Deutsche Telekom from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Finally, Citigroup restated a “buy” rating on shares of Deutsche Telekom in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Deutsche Telekom has a consensus rating of “Moderate Buy”.

Deutsche Telekom Trading Down 5.4%

The firm has a market cap of $157.95 billion, a PE ratio of 14.57, a P/E/G ratio of 0.89 and a beta of 0.41. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average price of $37.25 and a 200 day moving average price of $34.26.

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.