Deutsche Telekom (FRA:DTE) received a €17.00 ($19.77) price target from Credit Suisse Group in a note issued to investors on Friday, March 29th, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 14.19% from the stock’s previous close.
DTE has been the topic of a number of other reports. UBS Group set a €18.80 ($21.86) price objective on shares of Deutsche Telekom and gave the company a “buy” rating in a report on Wednesday, December 5th. HSBC reaffirmed a “buy” rating on shares of Deutsche Telekom in a research report on Wednesday, February 20th. Royal Bank of Canada set a €17.00 ($19.77) target price on shares of Deutsche Telekom and gave the company a “neutral” rating in a research report on Thursday, February 21st. Berenberg Bank set a €13.20 ($15.35) target price on shares of Deutsche Telekom and gave the company a “sell” rating in a research report on Monday, January 21st. Finally, Barclays set a €16.80 ($19.53) target price on shares of Deutsche Telekom and gave the company a “neutral” rating in a research report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of €16.56 ($19.26).
Shares of DTE traded up €0.11 ($0.13) during midday trading on Friday, reaching €14.89 ($17.31). The stock had a trading volume of 18,453,854 shares. Deutsche Telekom has a 1-year low of €12.72 ($14.79) and a 1-year high of €18.13 ($21.08).
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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