Deutsche Telekom (OTCMKTS:DTEGY) Hits New 1-Year High – Here’s What Happened

Deutsche Telekom AG (OTCMKTS:DTEGY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $34.56 and last traded at $34.56, with a volume of 227800 shares trading hands. The stock had previously closed at $33.98.

Analyst Ratings Changes

Several brokerages recently issued reports on DTEGY. Citigroup raised Deutsche Telekom to a “strong-buy” rating in a report on Thursday, October 17th. Barclays raised Deutsche Telekom to a “strong-buy” rating in a research report on Monday, November 18th. Finally, UBS Group upgraded Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Deutsche Telekom Price Performance

The firm’s 50-day moving average price is $31.43 and its 200 day moving average price is $29.99. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04.

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.