Berenberg Bank Reiterates “€12.70” Price Target for Deutsche Telekom (FRA:DTE)

Berenberg Bank set a €12.70 ($14.77) target price on Deutsche Telekom (FRA:DTE) in a research report sent to investors on Monday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank set a €19.00 ($22.09) price objective on Deutsche Telekom and gave the company a buy rating in a research note on Thursday, June 13th. DZ Bank restated a buy rating on shares of Deutsche Telekom in a research note on Thursday, August 8th. Macquarie set a €13.00 ($15.12) target price on shares of Deutsche Telekom and gave the company a sell rating in a report on Wednesday, July 17th. HSBC set a €17.00 ($19.77) target price on shares of Deutsche Telekom and gave the company a buy rating in a report on Monday, August 12th. Finally, Credit Suisse Group reiterated a neutral rating on shares of Deutsche Telekom in a research note on Tuesday, September 3rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of €16.72 ($19.45).

DTE opened at €15.09 ($17.55) on Monday. The business has a fifty day moving average price of €14.83 and a 200 day moving average price of €15.03. Deutsche Telekom has a 12 month low of €12.72 ($14.79) and a 12 month high of €18.13 ($21.08).

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.

See Also: Backdoor Roth IRA

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.