Deutsche Telekom AG (OTCMKTS:DTEGY) Sees Significant Growth in Short Interest

Deutsche Telekom AG (OTCMKTS:DTEGY) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 163,100 shares, a growth of 167.8% from the December 15th total of 60,900 shares. Based on an average daily volume of 324,800 shares, the short-interest ratio is currently 0.5 days.

Deutsche Telekom Trading Up 1.0 %

Shares of Deutsche Telekom stock traded up $0.30 during trading hours on Tuesday, reaching $30.49. 187,514 shares of the company’s stock were exchanged, compared to its average volume of 565,716. Deutsche Telekom has a 52-week low of $22.03 and a 52-week high of $32.47. The firm has a market capitalization of $152.04 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.32 and a beta of 0.73. The company has a fifty day moving average of $30.68 and a 200-day moving average of $29.01. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04.

Analysts Set New Price Targets

DTEGY has been the topic of several recent analyst reports. UBS Group upgraded Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Berenberg Bank upgraded Deutsche Telekom to a “strong-buy” rating in a report on Thursday, September 19th. Barclays upgraded Deutsche Telekom to a “strong-buy” rating in a report on Monday, November 18th. Finally, Citigroup upgraded Deutsche Telekom to a “strong-buy” rating in a report on Thursday, October 17th.

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.