Deutsche Telekom (DTE) Given a €14.00 Price Target by Berenberg Bank Analysts
Deutsche Telekom (FRA:DTE) received a €14.00 ($16.67) price target from equities researchers at Berenberg Bank in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s target price suggests a potential downside of 7.19% from the company’s previous close.
Several other equities analysts have also weighed in on DTE. Sanford C. Bernstein set a €16.45 ($19.58) target price on shares of Deutsche Telekom and gave the company a “neutral” rating in a report on Monday, October 16th. Deutsche Bank set a €18.60 ($22.14) target price on shares of Deutsche Telekom and gave the company a “buy” rating in a report on Tuesday, December 5th. Goldman Sachs Group set a €19.40 ($23.10) price target on shares of Deutsche Telekom and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Nord/LB set a €19.00 ($22.62) price target on shares of Deutsche Telekom and gave the stock a “buy” rating in a research note on Monday. Finally, Barclays set a €19.30 ($22.98) price target on shares of Deutsche Telekom and gave the stock a “buy” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. Deutsche Telekom presently has a consensus rating of “Hold” and an average price target of €17.31 ($20.60).
Deutsche Telekom (FRA:DTE) opened at €15.09 ($17.96) on Friday. Deutsche Telekom has a 1-year low of €14.63 ($17.42) and a 1-year 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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