Goldman Sachs Group Analysts Give Deutsche Telekom (FRA:DTE) a €20.50 Price Target

Deutsche Telekom (FRA:DTE) has been given a €20.50 ($24.12) target price by equities research analysts at Goldman Sachs Group in a report released on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 41.38% from the company’s previous close.

DTE has been the topic of a number of other research reports. Morgan Stanley set a €20.00 ($23.53) price objective on Deutsche Telekom and gave the company a “buy” rating in a research note on Friday, July 3rd. UBS Group set a €20.80 ($24.47) price objective on Deutsche Telekom and gave the company a “buy” rating in a research note on Wednesday, August 19th. Independent Research set a €17.00 ($20.00) price objective on Deutsche Telekom and gave the company a “buy” rating in a research note on Friday, August 14th. Credit Suisse Group set a €18.00 ($21.18) price objective on Deutsche Telekom and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Finally, JPMorgan Chase & Co. set a €23.00 ($27.06) price objective on Deutsche Telekom and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Deutsche Telekom currently has a consensus rating of “Buy” and an average price target of €18.75 ($22.05).

Deutsche Telekom stock traded down €0.44 ($0.52) during trading hours on Tuesday, hitting €14.50 ($17.06). The stock had a trading volume of 17,928,604 shares. Deutsche Telekom has a 1-year low of €12.72 ($14.96) and a 1-year high of €18.13 ($21.33). The stock’s fifty day moving average is €15.00 and its two-hundred day moving average is €14.05.

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.

Featured Article: What is a good rate of return for a mutual fund?

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.