Bank of America set a €18.00 ($20.93) price objective on Deutsche Telekom (FRA:DTE) in a report issued on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. Barclays reissued a buy rating on shares of 1&1 Drillisch in a report on Thursday, June 13th. Credit Suisse Group initiated coverage on shares of LTC Properties in a report on Wednesday. They set an underperform rating and a $19.00 price objective on the stock. UBS Group set a €110.00 ($127.91) price objective on shares of Wacker Chemie and gave the company a buy rating in a report on Thursday, June 13th. Nord/LB set a €17.00 ($19.77) price objective on shares of Deutsche Telekom and gave the company a buy rating in a report on Thursday, June 13th. Finally, Kepler Capital Markets set a GBX 160 ($2.09) price objective on shares of Vodafone Group and gave the company a buy rating in a report on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of €16.67 ($19.39).
Shares of DTE opened at €15.25 ($17.73) on Wednesday. Deutsche Telekom has a 1-year low of €12.72 ($14.79) and a 1-year high of €18.13 ($21.08). The firm’s fifty day moving average is €15.32.
About Deutsche Telekom
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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