Deutsche Telekom (ETR:DTE) Trading Down 3% – Here’s What Happened

Deutsche Telekom AG (ETR:DTE) shares dropped 3% on Thursday . The stock traded as low as €32.37 and last traded at €32.37. Approximately 7,951,801 shares changed hands during mid-day trading, The stock had previously closed at €33.36.

Deutsche Telekom Stock Up 0.3%

The firm has a market cap of $160.32 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 0.78 and a beta of 0.62. The company’s 50-day simple moving average is €28.47 and its 200 day simple moving average is €28.87. The company has a debt-to-equity ratio of 78.00, a current ratio of 1.15 and a quick ratio of 0.57.

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. In addition, the company provides mobile voice and data services to consumers and business customers; sells mobile devices and other hardware products; and sells mobile services to resellers and to companies that purchases and markets network services to third parties, such as mobile virtual network operators.