Deutsche Telekom (OTCMKTS:DTEGY) Hits New 52-Week High – Here’s Why

Deutsche Telekom AG (OTCMKTS:DTEGY) hit a new 52-week high on Tuesday . The company traded as high as $39.00 and last traded at $38.86, with a volume of 259136 shares. The stock had previously closed at $38.38.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DTEGY. Hsbc Global Res downgraded shares of Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wall Street Zen downgraded shares of Deutsche Telekom from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Deutsche Telekom in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Deutsche Telekom presently has a consensus rating of “Buy”.

Deutsche Telekom Trading Up 1.3%

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 market capitalization of $193.77 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.35 and a beta of 0.63. The firm’s 50 day simple moving average is $36.34 and its two-hundred day simple moving average is $33.96.

Deutsche Telekom (OTCMKTS:DTEGY) last posted its quarterly earnings results on Thursday, May 15th. The utilities provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Deutsche Telekom had a net margin of 5.36% and a return on equity of 7.65%. The firm had revenue of $33.37 billion during the quarter, compared to the consensus estimate of $29.43 billion. As a group, analysts forecast that Deutsche Telekom AG will post 1.86 earnings per share for the current fiscal year.

Deutsche Telekom Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 11th were paid a $0.9731 dividend. This is an increase from Deutsche Telekom’s previous dividend of $0.81. The ex-dividend date was Friday, April 11th. Deutsche Telekom’s payout ratio is 71.76%.

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.