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

Deutsche Telekom AG (OTCMKTS:DTEGY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 73,500 shares, a growth of 93.4% from the September 15th total of 38,000 shares. Based on an average daily volume of 499,400 shares, the short-interest ratio is currently 0.1 days.

Deutsche Telekom Stock Down 0.4 %

OTCMKTS:DTEGY traded down $0.12 during mid-day trading on Friday, reaching $29.61. The stock had a trading volume of 747,759 shares, compared to its average volume of 319,178. The business’s 50 day moving average is $28.50 and its 200 day moving average is $25.81. Deutsche Telekom has a fifty-two week low of $21.18 and a fifty-two week high of $30.08. The stock has a market cap of $147.65 billion, a P/E ratio of 16.80, a PEG ratio of 1.25 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.99 and a quick ratio of 0.93.

Deutsche Telekom (OTCMKTS:DTEGY) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.54 EPS for the quarter. The firm had revenue of $30.56 billion for the quarter. Deutsche Telekom had a return on equity of 7.51% and a net margin of 4.48%. As a group, sell-side analysts predict that Deutsche Telekom will post 1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Berenberg Bank upgraded Deutsche Telekom to a “strong-buy” rating in a report on Thursday, September 19th. UBS Group downgraded Deutsche Telekom from a “buy” rating to a “neutral” rating in a report on Tuesday, September 10th.

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.