Deutsche Telekom to Benefit From Acquisitions in Austria and the Netherlands
Deutsche Telekom reported solid fourth-quarter results, which pushed its full-year results slightly ahead of our projections. However, we already expected a strong 2019, so our projections are in line with management’s 2019 guidance. Thus, we don’t anticipate any significant changes to our EUR 17 per local share fair value estimate. Our no-moat rating remains intact, and we believe the shares are slightly undervalued.The firm reported revenue growth of 5.7% year over year in the fourth quarter...
Deutsche Telekom is engaged in the telecommunications services and information technology sectors. Co. operates as an integrated telecommunications provider. It is organized into four operating segments: Germany, Europe, and the United States; and Systems Solutions, as well as Group Headquarters and Shared Services. Co. provides fixed-network lines, broadband lines and mobile communications. Co. also provides customized Information and Communication Technology (ICT) solutions for corporate customers under the T-Systems brand. The Group Headquarters and Shared Services segment comprises cross-segment management functions, real estate services, and mobility solutions, among others.
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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.
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