Deutsche Telekom AG (DTE) Given Consensus Rating of “Buy” by Brokerages

Shares of Deutsche Telekom AG (FRA:DTE) have been assigned a consensus rating of “Buy” from the twenty-four brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is €17.21 ($21.25).

A number of equities research analysts have weighed in on DTE shares. JPMorgan Chase & Co. set a €20.50 ($25.31) target price on Deutsche Telekom and gave the company a “buy” rating in a report on Wednesday, October 11th. Macquarie set a €14.50 ($17.90) price objective on Deutsche Telekom and gave the company a “neutral” rating in a report on Thursday, October 12th. Credit Suisse Group set a €16.50 ($20.37) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Friday, October 13th. Barclays set a €19.30 ($23.83) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Sanford C. Bernstein set a €16.45 ($20.31) price objective on Deutsche Telekom and gave the company a “neutral” rating in a report on Monday, October 16th.

Deutsche Telekom (FRA:DTE) traded down €0.15 ($0.19) during trading on Friday, reaching €13.81 ($17.04). The company’s stock had a trading volume of 21,089,038 shares. Deutsche Telekom has a 12-month low of €13.70 ($16.91) and a 12-month high of €18.13 ($22.38).

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Deutsche Telekom Company Profile

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.

Analyst Recommendations for Deutsche Telekom (FRA:DTE)

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