Deutsche Telekom AG to Post FY2023 Earnings of $1.64 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:DTEGY)

Deutsche Telekom AG (OTCMKTS:DTEGY) – Investment analysts at Jefferies Financial Group lifted their FY2023 EPS estimates for shares of Deutsche Telekom in a report released on Tuesday, April 6th. Jefferies Financial Group analyst U. Rathe now forecasts that the utilities provider will post earnings per share of $1.64 for the year, up from their previous estimate of $1.62.

DTEGY has been the topic of several other research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Deutsche Telekom in a report on Friday, February 5th. UBS Group reaffirmed a “buy” rating on shares of Deutsche Telekom in a report on Monday, March 15th. Maxim Group raised Deutsche Telekom from a “neutral” rating to a “buy” rating in a report on Wednesday, March 10th. Zacks Investment Research lowered Deutsche Telekom from a “hold” rating to a “sell” rating in a report on Friday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Deutsche Telekom in a report on Wednesday, December 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.00.

Deutsche Telekom stock opened at $19.74 on Wednesday. Deutsche Telekom has a 1-year low of $13.08 and a 1-year high of $21.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.93 and a quick ratio of 0.87. The stock has a market cap of $93.99 billion, a PE ratio of 26.32, a P/E/G ratio of 4.33 and a beta of 0.68. The stock’s fifty day moving average is $19.09 and its two-hundred day moving average is $17.97.

The business also recently declared a dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, April 7th will be issued a dividend of $1.3908 per share. This represents a dividend yield of 6.85%. The ex-dividend date is Tuesday, April 6th. Deutsche Telekom’s dividend payout ratio is currently 60.19%.

About Deutsche Telekom

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. 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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