Deutsche Telekom AG (OTCMKTS:DTEGY – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 30,500 shares, a drop of 60.4% from the August 15th total of 77,000 shares. Based on an average daily volume of 475,000 shares, the short-interest ratio is presently 0.1 days.
Analysts Set New Price Targets
Separately, UBS Group downgraded shares of Deutsche Telekom from a “buy” rating to a “neutral” rating in a report on Tuesday.
Check Out Our Latest Stock Report on Deutsche Telekom
Deutsche Telekom Trading Up 1.0 %
Deutsche Telekom (OTCMKTS:DTEGY – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $30.56 billion for the quarter. Deutsche Telekom had a net margin of 4.48% and a return on equity of 7.51%. Equities research analysts anticipate that Deutsche Telekom will post 1.96 earnings per share for the current year.
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.
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