Berenberg Bank set a €22.00 ($25.88) target price on Deutsche Telekom (FRA:DTE) in a report issued on Wednesday morning, Borsen Zeitung reports.
Several other research firms have also recently weighed in on DTE. Kepler Capital Markets set a €24.00 ($28.24) price objective on Deutsche Telekom in a report on Thursday, August 12th. Sanford C. Bernstein set a €27.30 ($32.12) price objective on Deutsche Telekom in a research report on Wednesday, September 8th. Credit Suisse Group set a €21.00 ($24.71) target price on Deutsche Telekom in a report on Thursday, September 16th. JPMorgan Chase & Co. set a €28.50 ($33.53) target price on Deutsche Telekom in a report on Thursday, August 12th. Finally, Jefferies Financial Group set a €21.80 ($25.65) price target on Deutsche Telekom in a research note on Tuesday, September 7th. Fourteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and an average price target of €23.24 ($27.34).
Shares of FRA DTE opened at €17.45 ($20.53) on Wednesday. The stock’s 50-day simple moving average is €17.91 and its two-hundred day simple moving average is €17.31. Deutsche Telekom has a twelve month low of €12.72 ($14.96) and a twelve month high of €18.13 ($21.33).
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. 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.
Further Reading: The risks of owning bonds
Receive News & Ratings for Deutsche Telekom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Telekom and related companies with MarketBeat.com's FREE daily email newsletter.