Downgrade Alert for Deutsche Telekom

Published on Tue, 09/25/2012 - 12:40
By FNNO Staff in analysis, analyst, business finance, deutsche telekom, downgrade, fnno, jefferies, market, nasdaq:dtegy, news, stock, trading
nasdaq:dtegy, deutsche telekom, downgrade, analyst, jefferies, fnno, business finance, trading, stock, market, analysis, news

Deutsche Telekom (NASDAQ:DTEGY) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $12.88 on volume of 253,000 shares, below average daily volume of 302,000.

Deutsche Telekom has overhead space with shares priced $12.88, or 8.0% below the average consensus analyst price target of $14.00. The stock should find initial support at its 50-day moving average (MA) of $11.80 and further support at its 200-day MA of $11.40.

Over the past year, Deutsche Telekom has traded in a range of $8.83 to $15.72 and closed yesterday at $12.88, 46% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

By FNNO Staff

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