Deutsche Telekom (ETR:DTE) Stock Price Down 1.5% – Here’s Why

Deutsche Telekom AG (ETR:DTE)’s stock price traded down 1.5% on Tuesday. The company traded as low as €24.97 and last traded at €24.98. Approximately 7,642,149 shares changed hands during mid-day trading, The stock had previously closed at €25.35.

Deutsche Telekom Stock Performance

The company has a fifty day simple moving average of €27.21 and a 200-day simple moving average of €28.53. The company has a current ratio of 1.03, a quick ratio of 0.57 and a debt-to-equity ratio of 239.82. The stock has a market cap of $123.18 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 0.78 and a beta of 0.34.

About Deutsche Telekom

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.