Macquarie Analysts Give Deutsche Telekom (FRA:DTE) a €13.00 Price Target

Macquarie set a €13.00 ($15.12) price objective on Deutsche Telekom (FRA:DTE) in a research report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Several other analysts have also recently issued reports on DTE. Berenberg Bank reaffirmed a buy rating and set a GBX 670 ($8.75) price objective on shares of GB Group in a report on Monday, July 15th. Kepler Capital Markets set a GBX 160 ($2.09) price objective on Vodafone Group and gave the stock a buy rating in a report on Thursday, June 13th. Independent Research set a €32.00 ($37.21) price objective on Bilfinger and gave the stock a neutral rating in a report on Thursday, May 9th. Oddo Bhf set a €128.00 ($148.84) price objective on Hochtief and gave the stock a neutral rating in a report on Tuesday, May 21st. Finally, Barclays reaffirmed a buy rating on shares of 1&1 Drillisch in a report on Thursday, June 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of €16.62 ($19.33).

Shares of DTE opened at €14.68 ($17.07) 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 business’s 50 day moving average price is €15.30.

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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