Deutsche Telekom (DTE) Receives Average Rating of “Buy” from Brokerages

Deutsche Telekom (FRA:DTE) has earned an average recommendation of “Buy” from the twenty-five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is €16.74 ($20.66).

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein set a €16.25 ($20.06) price objective on Deutsche Telekom and gave the stock a “neutral” rating in a research note on Monday, December 25th. DZ Bank reaffirmed a “buy” rating on shares of Deutsche Telekom in a research note on Thursday, December 28th. Independent Research set a €19.00 ($23.46) price objective on Deutsche Telekom and gave the stock a “buy” rating in a research note on Thursday, December 28th. Goldman Sachs set a €19.40 ($23.95) price objective on Deutsche Telekom and gave the stock a “buy” rating in a research note on Thursday, December 28th. Finally, Royal Bank of Canada set a €19.00 ($23.46) price objective on Deutsche Telekom and gave the stock a “neutral” rating in a research note on Monday, January 22nd.

FRA:DTE traded up €0.16 ($0.20) during mid-day trading on Wednesday, hitting €14.21 ($17.54). 7,329,773 shares of the company traded hands. Deutsche Telekom has a one year low of €12.72 ($15.70) and a one year high of €18.13 ($22.38).

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About Deutsche Telekom

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.

Analyst Recommendations for Deutsche Telekom (FRA:DTE)

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