Deutsche Telekom's Q2 Earnings: U.S. Growth Would Make Shares A Buy If Valuation Wasn't So High

Deutsche Telekom has over two-thirds of the business in the U.S. Over the last five years, most of the top-line and EBITDA growth came from this market. DTEGY and the T-Mobile U.S. subsidiary have been trading at a premium in comparison with AT&T and Verizon. The solid performance justifies this. DTEGY'S Q2 performance was again solid with growth rates in the U.S. exceeding the outlook. In other regions, performance was normal. Risks are emerging for DTEGY in the U.S., which makes a rating upgrade unjustified. Shares remain a hold.

For those who don't follow Deutsche Telekom ( DTEGY )( DTEGF ), the company that is the topic of this article, it may be useful to quickly set the This article was written by Joris Gijzendorffen 540 Followers Follow TMT sector professional. Over 20 years of experience working in the sector in Europe and outside Europe. Decade of investing experience to keep in close touch with companies and themes that are relevant for my work. Education in Corporate Finance.Companies where I worked are among others: KPN, Chellomedia, Liberty Global, UPC Cablecom Switzerland, Get Sweden, Ooredoo Middle East, Cell C South Africa, Du Dubai, Axiata South East Asia, Celcom Malaysia, Vodafone.