Deutsche Telekom (OTCMKTS:DTEGY) Sets New 52-Week High – Here’s What Happened

Deutsche Telekom AG (OTCMKTS:DTEGY)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $37.98 and last traded at $37.51, with a volume of 335055 shares. The stock had previously closed at $36.95.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DTEGY shares. UBS Group upgraded Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Hsbc Global Res downgraded shares of Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Strong Buy”.

Deutsche Telekom Stock Down 5.5 %

The stock has a market cap of $176.72 billion, a P/E ratio of 14.52, a PEG ratio of 1.35 and a beta of 0.65. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 1.08. The stock’s fifty day simple moving average is $35.71 and its 200-day simple moving average is $32.23.

Deutsche Telekom (OTCMKTS:DTEGY) last posted its earnings results on Wednesday, February 26th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $33 billion for the quarter. Deutsche Telekom had a return on equity of 7.65% and a net margin of 5.36%. On average, research analysts anticipate that Deutsche Telekom AG will post 1.86 earnings per share for the current year.

Deutsche Telekom Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be given a $0.9731 dividend. This is a boost from Deutsche Telekom’s previous dividend of $0.81. The ex-dividend date is Friday, April 11th. Deutsche Telekom’s dividend payout ratio is 77.05%.

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.