Deutsche Telekom AG (OTCMKTS:DTEGY – Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 65,000 shares, a decline of 39.3% from the October 31st total of 107,100 shares. Based on an average daily trading volume, of 406,100 shares, the days-to-cover ratio is currently 0.2 days.
Deutsche Telekom Stock Performance
DTEGY traded up $0.45 during trading on Friday, reaching $32.06. 69,958 shares of the company were exchanged, compared to its average volume of 305,795. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a market cap of $159.87 billion, a P/E ratio of 18.17, a PEG ratio of 1.57 and a beta of 0.70. Deutsche Telekom has a 52 week low of $22.03 and a 52 week high of $32.06. The firm has a 50 day moving average of $30.14 and a 200 day moving average of $27.57.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on DTEGY shares. Barclays upgraded Deutsche Telekom to a “strong-buy” rating in a report on Monday, November 18th. UBS Group cut shares of Deutsche Telekom from a “buy” rating to a “neutral” rating in a report on Tuesday, September 10th. Berenberg Bank raised shares of Deutsche Telekom to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Citigroup upgraded shares of Deutsche Telekom to a “strong-buy” rating in a research note on Thursday, October 17th.
About Deutsche Telekom
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services segments. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.
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