Deutsche Telekom (OTCMKTS:DTEGY) Reaches New 52-Week High – Still a Buy?

Shares of Deutsche Telekom AG (OTCMKTS:DTEGY) hit a new 52-week high on Wednesday . The stock traded as high as $34.24 and last traded at $34.13, with a volume of 267503 shares trading hands. The stock had previously closed at $33.61.

Analyst Upgrades and Downgrades

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

Deutsche Telekom Price Performance

The company has a 50-day simple moving average of $31.27 and a 200-day simple moving average of $29.77. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 1.08.

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.