Deutsche Telekom (DTE.DE) is a leading telecommunications company headquartered in Germany, with a current market cap of €95.75 billion as of 21st August 2023. Founded in 1995, it emerged from the privatization of the former state-owned Deutsche Bundespost telecommunications service.
As a global player, the company offers a wide range of telecommunications services, including mobile and fixed-line telephony, internet, and digital solutions. Its history is marked by its transformation from a state entity to a dynamic and innovative telecommunications provider. It went public in 1996, marking a significant milestone in its journey to become a key player in the telecommunications industry, both in Germany and internationally.
In the past 5 years, Deutsche Telekom's stock has enjoyed its share of highs and lows, with its lowest stock price reaching €10.406 in March 2020 and the highest stock price reaching €23.125 in April 2023. The fluctuations in the stock price have been due to several reasons, including market trends and economic situations.
Traders may choose from various trading strategies, one option is day trading, a popular technique that involves making multiple trades throughout the day to profit from price changes. Other options include: swing trading, copy trading, scalping trading and position trading. Also to help analyse the stock price effectively, traders may leverage various tools and indicators. For example, Relative Strength Index (RSI), parabolic SAR, bulls and bears power indicator, etc.
It’s wise to consider Deutsche Telekom's competitors before jumping into trading its stock. Its competitors include:
- Vodafone (VOD.US): Vodafone is a British multinational telecommunications company with its global headquarters in Newbury, Berkshire, England. They provide voice, messaging, data services, fixed broadband, and TV services across mobile and fixed networks.
- AT&T (T.US): AT&T is an American multinational telecommunications conglomerate with its headquarters in Dallas, Texas. It provides wireless and wired communication services to consumers, businesses, and government entities. AT&T offers a wide range of services including mobile and fixed-line telephony, broadband internet, television, and digital entertainment.
- Telefonica (TEFe.ES): Telefonica is a Spanish multinational telecommunications company headquartered in Madrid, Spain. It operates in Europe, Latin America, and other regions, providing a variety of telecommunications services. It offers mobile and fixed-line telephony, internet, and digital services to individual consumers, businesses, and government organizations.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.