Deutsche Telekom (FRA:DTE) has been assigned a €18.50 ($21.51) price target by research analysts at Nord/LB in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Nord/LB’s target price suggests a potential upside of 17.22% from the company’s previous close.
Several other analysts also recently issued reports on DTE. Bank of America set a €18.00 ($20.93) price target on Deutsche Telekom and gave the company a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group set a €12.10 ($14.07) price target on Deutsche Telekom and gave the company a “sell” rating in a research note on Wednesday, February 19th. HSBC set a €17.00 ($19.77) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Wednesday, February 12th. Berenberg Bank set a €12.70 ($14.77) price objective on Deutsche Telekom and gave the company a “sell” rating in a report on Thursday, January 9th. Finally, Credit Suisse Group set a €17.00 ($19.77) price objective on Deutsche Telekom and gave the company a “neutral” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €16.54 ($19.23).
DTE traded down €0.38 ($0.44) during trading on Tuesday, hitting €15.78 ($18.35). The stock had a trading volume of 17,576,512 shares. The company has a 50 day moving average price of €15.09 and a 200-day moving average price of €15.12. Deutsche Telekom has a one year low of €12.72 ($14.79) and a one year 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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