Deutsche Telekom (OTCMKTS:DTEGY) Reaches New 1-Year High – Here’s What Happened

Deutsche Telekom AG (OTCMKTS:DTEGY) hit a new 52-week high on Wednesday . The company traded as high as $34.24 and last traded at $34.13, with a volume of 267503 shares. The stock had previously closed at $33.61.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DTEGY shares. Barclays upgraded Deutsche Telekom to a “strong-buy” rating in a report on Monday, November 18th. UBS Group raised Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Citigroup raised Deutsche Telekom to a “strong-buy” rating in a report on Thursday, October 17th.

Deutsche Telekom Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $31.17 and a two-hundred day moving average of $29.70.

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.