Deutsche Telekom AG (OTCMKTS:DTEGY) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Deutsche Telekom AG (OTCMKTS:DTEGY – Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 163,100 shares, an increase of 167.8% from the December 15th total of 60,900 shares. Based on an average daily volume of 324,800 shares, the short-interest ratio is presently 0.5 days.

Deutsche Telekom Stock Up 1.0 %

Shares of Deutsche Telekom stock traded up $0.30 during trading hours on Tuesday, hitting $30.49. 187,514 shares of the company’s stock traded hands, compared to its average volume of 565,716. The stock has a 50 day simple moving average of $30.68 and a 200-day simple moving average of $29.01. 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 company has a market cap of $152.04 billion, a PE ratio of 17.95, a PEG ratio of 1.32 and a beta of 0.73. Deutsche Telekom has a twelve month low of $22.03 and a twelve month high of $32.47.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DTEGY shares. Barclays upgraded Deutsche Telekom to a “strong-buy” rating in a report on Monday, November 18th. Berenberg Bank upgraded Deutsche Telekom to a “strong-buy” rating in a research note on Thursday, September 19th. Citigroup upgraded Deutsche Telekom to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, UBS Group upgraded Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

Read Our Latest Analysis on DTEGY

About Deutsche Telekom

(Get Free Report)

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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