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Is Deutsche Telekom (DTEGY) Stock Outpacing Its Utilities Peers This Year?
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For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Deutsche Telekom AG (DTEGY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Deutsche Telekom AG is one of 109 individual stocks in the Utilities sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Deutsche Telekom AG is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DTEGY's full-year earnings has moved 3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, DTEGY has returned 18.5% so far this year. At the same time, Utilities stocks have gained an average of 10.8%. This means that Deutsche Telekom AG is outperforming the sector as a whole this year.
Another stock in the Utilities sector, Energias de Portugal (EDPFY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 38.6%.
In Energias de Portugal's case, the consensus EPS estimate for the current year increased 5.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Deutsche Telekom AG belongs to the Diversified Communication Services industry, which includes 19 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, this group has gained an average of 16% so far this year, meaning that DTEGY is performing better in terms of year-to-date returns.
On the other hand, Energias de Portugal belongs to the Utility - Electric Power industry. This 60-stock industry is currently ranked #81. The industry has moved +11% year to date.
Going forward, investors interested in Utilities stocks should continue to pay close attention to Deutsche Telekom AG and Energias de Portugal as they could maintain their solid performance.
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Is Deutsche Telekom (DTEGY) Stock Outpacing Its Utilities Peers This Year?
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Deutsche Telekom AG (DTEGY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Deutsche Telekom AG is one of 109 individual stocks in the Utilities sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Deutsche Telekom AG is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DTEGY's full-year earnings has moved 3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, DTEGY has returned 18.5% so far this year. At the same time, Utilities stocks have gained an average of 10.8%. This means that Deutsche Telekom AG is outperforming the sector as a whole this year.
Another stock in the Utilities sector, Energias de Portugal (EDPFY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 38.6%.
In Energias de Portugal's case, the consensus EPS estimate for the current year increased 5.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Deutsche Telekom AG belongs to the Diversified Communication Services industry, which includes 19 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, this group has gained an average of 16% so far this year, meaning that DTEGY is performing better in terms of year-to-date returns.
On the other hand, Energias de Portugal belongs to the Utility - Electric Power industry. This 60-stock industry is currently ranked #81. The industry has moved +11% year to date.
Going forward, investors interested in Utilities stocks should continue to pay close attention to Deutsche Telekom AG and Energias de Portugal as they could maintain their solid performance.