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

Deutsche Telekom AG (OTCMKTS:DTEGY)’s share price hit a new 52-week high on Monday . The company traded as high as $31.61 and last traded at $31.38, with a volume of 420379 shares. The stock had previously closed at $30.57.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DTEGY shares. Berenberg Bank raised Deutsche Telekom to a “strong-buy” rating in a report on Thursday, September 19th. Citigroup upgraded shares of Deutsche Telekom to a “strong-buy” rating in a research report on Thursday, October 17th. Barclays upgraded shares of Deutsche Telekom to a “strong-buy” rating in a research report on Monday, November 18th. Finally, UBS Group cut Deutsche Telekom from a “buy” rating to a “neutral” rating in a report on Tuesday, September 10th.

Deutsche Telekom Trading Up 1.2 %

The firm has a market capitalization of $157.62 billion, a P/E ratio of 17.49, a PEG ratio of 1.55 and a beta of 0.70. The business’s 50 day moving average is $30.03 and its two-hundred day moving average is $27.45. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 1.06.

Deutsche Telekom Company Profile

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.