Deutsche Telekom stock decline, Digi Mart USA News (Frankfurt, Germany): Ninety minutes before the close of trading in Frankfurt, shares of Bonn-based telecommunications company Deutsche Telekom were quoted at 26.16 euros, compared with a closing price of 26.76 euros on the previous trading day. The source describes the direction of the stock as unclear, with the stock moving lower.
Deutsche Telekom ranked 36th in the DAX and was down 2.24 percent, placing it in the lower third of the index, which rose 0.17 percent overall. About 5.24 million shares had changed hands by that point, compared with 11.06 million shares traded on the prior trading day.
The stock is currently 21.40 percent below its 52-week high of 33.28 euros, while its 52-week low stands at 23.53 euros. Deutsche Telekom is one of the heavyweights of the DAX, holding a 5.83 percent weighting and ranking fifth by index share.
Its freely tradable shares carry a market value of 127.98 billion euros, while SAP has the highest market value in the index at 247.35 billion euros.
In its most recent completed fiscal year, ending December 31, the company reported revenue of 108.79 billion euros and a profit of 13.06 billion euros. At the end of December 2019, the company had approximately 216,000 employees worldwide.
The official Xetra closing price is due shortly after 5:30 p.m. local time.
The source notes that the article was generated automatically from market data supplied by EOD Historical Data and that price data may be delayed.
