Deutsche Telekom (OTCMKTS:DTEGY) Sees Unusually-High Trading Volume – Here’s What Happened

Deutsche Telekom AG (OTCMKTS:DTEGY) saw strong trading volume on Tuesday . 932,971 shares changed hands during mid-day trading, an increase of 127% from the previous session’s volume of 410,185 shares.The stock last traded at $32.64 and had previously closed at $33.41.

Deutsche Telekom Stock Down 2.5%

The stock has a fifty day moving average of $31.89 and a two-hundred day moving average of $34.08. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 1.04. The stock has a market cap of $159.71 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.31 and a beta of 0.44.

Deutsche Telekom (OTCMKTS:DTEGY) last released its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.06. The business had revenue of $33.55 billion for the quarter, compared to analyst estimates of $33.65 billion. Deutsche Telekom had a return on equity of 10.54% and a net margin of 10.15%. As a group, analysts predict that Deutsche Telekom AG will post 1.86 EPS for the current fiscal year.

About Deutsche Telekom

Deutsche Telekom AG is a leading European telecommunications company headquartered in Bonn, Germany. The firm provides a broad range of telecommunications and information technology services for consumer, business and wholesale customers. Its core activities include fixed-line and mobile voice services, broadband internet access, television services and a suite of enterprise IT and network solutions.

Deutsche Telekom offers consumer products under well-known retail brands in its home market and across Europe, and operates extensive mobile networks including 4G and 5G infrastructure.