Report
Allan C. Nichols
EUR 100.00 For Business Accounts Only

European operations are beginning to help Deutsche Telekom's results.

Deutsche Telekom reported mixed second-quarter results, with weak revenue growth but strong EBITDA margins. We anticipate that these items will basically offset each other when we update our model, and we expect to maintain our EUR 17 local share fair value estimate. Our no-moat rating is unchanged. The shares remain slightly undervalued. The firm reported that revenue fell 2.7% year over year, though the majority of this was from the euro weakening against the U.S. dollar. Organically, revenue ...
Underlying
Deutsche Telekom AG ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Allan C. Nichols

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