Deutsche Telekom (FRA:DTE) has been assigned a €17.00 ($19.77) target price by stock analysts at Commerzbank in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Commerzbank’s target price would suggest a potential upside of 15.69% from the company’s previous close.
A number of other brokerages have also weighed in on DTE. Jefferies Financial Group set a €11.80 ($13.72) price target on shares of Deutsche Telekom and gave the company a “sell” rating in a research note on Thursday. HSBC set a €17.00 ($19.77) price target on shares of Deutsche Telekom and gave the company a “buy” rating in a research note on Thursday, October 18th. DZ Bank reaffirmed a “buy” rating on shares of Deutsche Telekom in a research note on Thursday, October 18th. Credit Suisse Group set a €17.00 ($19.77) price objective on shares of Deutsche Telekom and gave the company a “buy” rating in a report on Tuesday. Finally, equinet set a €13.30 ($15.47) price objective on shares of Deutsche Telekom and gave the company a “neutral” rating in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of €16.80 ($19.54).
Shares of Deutsche Telekom stock opened at €14.70 ($17.09) on Thursday. Deutsche Telekom has a twelve month low of €12.72 ($14.79) and a twelve month high of €18.13 ($21.08).
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.
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