Deutsche Telekom (FRA:DTE) received a €13.20 ($15.35) price target from stock analysts at Berenberg Bank in a report issued on Wednesday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Berenberg Bank’s price target would suggest a potential downside of 12.27% from the company’s current price.
DTE has been the subject of a number of other research reports. HSBC restated a “buy” rating on shares of Deutsche Telekom in a research report on Wednesday, February 20th. Credit Suisse Group set a €17.00 ($19.77) price target on Deutsche Telekom and gave the company a “buy” rating in a research report on Friday, February 22nd. Barclays restated a “neutral” rating on shares of Deutsche Telekom in a research report on Monday, April 15th. UBS Group set a €18.40 ($21.40) price target on Deutsche Telekom and gave the company a “buy” rating in a research report on Wednesday, February 27th. Finally, Royal Bank of Canada set a €17.00 ($19.77) price target on Deutsche Telekom and gave the company a “neutral” rating in a research report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of €16.62 ($19.32).
FRA:DTE opened at €15.05 ($17.50) on Wednesday. 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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