Deutsche Telekom (DTE) Given “Buy” Rating at DZ Bank
Deutsche Telekom (FRA:DTE)‘s stock had its “buy” rating reaffirmed by equities research analysts at DZ Bank in a research report issued to clients and investors on Thursday.
A number of other analysts also recently issued reports on the company. HSBC set a €17.00 ($19.77) price target on Deutsche Telekom and gave the company a “buy” rating in a research report on Thursday. Credit Suisse Group set a €17.00 ($19.77) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Wednesday. UBS Group set a €18.40 ($21.40) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Wednesday. Barclays set a €17.00 ($19.77) price objective on Deutsche Telekom and gave the company a “neutral” rating in a report on Monday, October 15th. Finally, Berenberg Bank set a €14.00 ($16.28) price objective on Deutsche Telekom and gave the company a “neutral” rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of €16.74 ($19.47).
Shares of DTE opened at €14.66 ($17.04) on Thursday. Deutsche Telekom has a 12-month low of €12.72 ($14.79) and a 12-month 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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