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Deutsche Telekom (OTCMKTS:DTEGY) Sets New 12-Month High - Here's Why

Deutsche Telekom logo with Utilities background

Deutsche Telekom AG (OTCMKTS:DTEGY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $34.56 and last traded at $34.56, with a volume of 227800 shares traded. The stock had previously closed at $33.98.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DTEGY. UBS Group raised shares of Deutsche Telekom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. Citigroup upgraded shares of Deutsche Telekom to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, Barclays raised Deutsche Telekom to a "strong-buy" rating in a research report on Monday, November 18th.

View Our Latest Stock Analysis on Deutsche Telekom

Deutsche Telekom Price Performance

The firm has a fifty day simple moving average of $31.56 and a 200-day simple moving average of $30.07. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04.

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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