Deutsche Telekom (FRA:DTE) Given a €19.00 Price Target at Deutsche Bank
Deutsche Telekom (FRA:DTE) has been assigned a €19.00 ($22.09) price objective by investment analysts at Deutsche Bank in a research report issued on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 21.94% from the stock’s previous close.
DTE has been the subject of a number of other research reports. HSBC restated a “buy” rating on shares of Deutsche Telekom in a report on Wednesday, February 20th. Credit Suisse Group set a €17.00 ($19.77) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Friday, February 22nd. Barclays restated a “neutral” rating on shares of Deutsche Telekom in a report on Monday, April 15th. UBS Group set a €18.40 ($21.40) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Wednesday, February 27th. Finally, Royal Bank of Canada set a €17.00 ($19.77) price objective on Deutsche Telekom and gave the company a “neutral” rating in a report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of €16.71 ($19.43).
DTE opened at €15.58 ($18.12) on Thursday. Deutsche Telekom has a 52-week low of €12.72 ($14.79) and a 52-week high of €18.13 ($21.08).
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.
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