Deutsche Telekom (DT) NewsBite - DT Tumbles on Disappointing VOD Outlook

Posted on Tuesday, July 22, 2008 3:45 PM

Deutsche Telekom ADR (DT) opened at 16.49. So far today, the stock has hit a low of 16.45 and a high of 16.80. DT is now trading at 16.62, down 0.96 (-5.82%). The stock hit its 52 week high of 23.05 in January and set its 52 week low of 15.53 in June. Deutsche Telekom shares have been tumbling with other telecommunication operators following a warning on revenue from Vodafone Group (VOD) which said revenue for the year will be at the bottom end of a previous range. Technical indicators for the stock are neutral and improving while S&P gives DT a neutral 3 STARS (out of 5) hold rating. We will just watch this one for now. There are no options available for DT. [RHF - Seven Summits Strategic Investments NewsBite]

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