Deutsche Telekom AG (FRA:DTE) Receives €16.67 Consensus Target Price from Brokerages

Deutsche Telekom AG (FRA:DTE) has been given an average recommendation of “Buy” by the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is €16.64 ($19.35).

Several equities research analysts recently commented on the stock. Bank of America raised shares of First Horizon National from an “underperform” rating to a “neutral” rating and set a $16.00 price objective on the stock in a research note on Tuesday. Deutsche Bank boosted their price objective on shares of Lululemon Athletica from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Oddo Bhf set a €128.00 ($148.84) price objective on shares of Hochtief and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. HSBC lowered shares of EFG EUROBANK ER/ADR from a “buy” rating to a “hold” rating in a research note on Monday, June 17th. Finally, Kepler Capital Markets set a GBX 160 ($2.09) price objective on shares of Vodafone Group and gave the stock a “buy” rating in a research note on Thursday, June 13th.

Shares of FRA DTE traded down €0.12 ($0.14) during midday trading on Friday, hitting €14.88 ($17.30). 5,231,007 shares of the company traded hands. Deutsche Telekom has a 12-month low of €12.72 ($14.79) and a 12-month high of €18.13 ($21.08). The firm has a 50-day moving average of €15.32.

Deutsche Telekom Company Profile

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.

Further Reading: What does it mean to hold a stock in street name?

Analyst Recommendations for Deutsche Telekom (FRA:DTE)

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.