Deutsche Telekom (OTCMKTS:DTEGY) Sets New 12-Month High – Time to Buy?

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

Analyst Ratings Changes

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

Deutsche Telekom Stock Performance

The company’s 50 day simple moving average is $31.31 and its 200-day simple moving average is $29.87. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 1.04.

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.