Berenberg Bank set a €13.20 ($15.35) target price on Deutsche Telekom (FRA:DTE) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Several other brokerages have also recently issued reports on DTE. Credit Suisse Group 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 Tuesday, May 14th. DZ Bank restated a buy rating on shares of Deutsche Telekom in a research report on Tuesday, May 21st. UBS Group set a €18.40 ($21.40) target price on shares of Deutsche Telekom and gave the company a buy rating in a research report on Wednesday, March 20th. HSBC set a €17.50 ($20.35) target price on shares of Deutsche Telekom and gave the company a buy rating in a research report on Friday, March 8th. Finally, Independent Research set a €17.50 ($20.35) target price on shares of Deutsche Telekom and gave the company a buy rating in a research report on Thursday, February 21st. Two 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 a consensus target price of €16.62 ($19.32).
Shares of FRA DTE opened at €15.07 ($17.52) on Wednesday. Deutsche Telekom has a 12-month low of €12.72 ($14.79) and a 12-month high of €18.13 ($21.08).
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.
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