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Deutsche Telekom (DT) NewsBite - DT Upgraded By Citigroup

Nov 05, 2009 (Fresh Brewed Media via COMTEX) --

Company: Deutsche Telekom AG (DT)

Deutsche Telekom (DT) was upgraded today by analysts at Citigroup and the stock is now at $14.09, up $0.40 (2.92%) on volume of 668,682 shares traded. The analysts upped the stock to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $10.71 to a high of $16.16. Deutsche Telekom stock has been showing support around $13.44 and resistance in the $13.94 range. Technical indicators for the stock are neutral and S&P gives DT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DT the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 12.50 range.

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Company: Deutsche Telekom AG (DT)


Related terms: S&P

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