Deutsche Telekom (DTE) Given a €18.60 Price Target at Deutsche Bank
Deutsche Telekom (FRA:DTE) has been given a €18.60 ($22.14) target price by investment analysts at Deutsche Bank in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 21.77% from the stock’s current price.
A number of other research analysts have also recently commented on DTE. Sanford C. Bernstein set a €16.45 ($19.58) price target on shares of Deutsche Telekom and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Barclays set a €21.00 ($25.00) price target on shares of Deutsche Telekom and gave the company a “buy” rating in a research report on Thursday, August 10th. UBS set a €18.20 ($21.67) target price on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Friday, August 11th. BNP Paribas set a €18.00 ($21.43) target price on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Tuesday, September 5th. Finally, set a €18.50 ($22.02) target price on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of €17.31 ($20.60).
Shares of Deutsche Telekom (FRA:DTE) traded up €0.03 ($0.04) during midday trading on Tuesday, reaching €15.28 ($18.18). 9,877,870 shares of the company’s stock were exchanged. Deutsche Telekom has a twelve month low of €14.47 ($17.23) and a twelve month high of €18.13 ($21.58).
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The company operates through four segments: Germany, United States, Europe, and Systems Solutions. 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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