Deutsche Telekom (OTCMKTS:DTEGY) Reaches New 52-Week High – Here’s What Happened

Deutsche Telekom AG (OTCMKTS:DTEGY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $36.39 and last traded at $36.18, with a volume of 1200256 shares changing hands. The stock had previously closed at $36.02.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group raised Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Barclays raised shares of Deutsche Telekom to a “strong-buy” rating in a report on Monday, November 18th.

Deutsche Telekom Stock Performance

The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 1.04. The stock’s 50 day moving average is $32.08 and its 200 day moving average is $30.53.

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.