Credit Suisse Group set a €18.00 ($21.18) price objective on Deutsche Telekom (FRA:DTE) in a report issued on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts have also issued reports on the stock. DZ Bank reaffirmed a buy rating on shares of Deutsche Telekom in a report on Wednesday, October 14th. Berenberg Bank set a €17.70 ($20.82) target price on shares of Deutsche Telekom and gave the company a buy rating in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. set a €23.00 ($27.06) price target on shares of Deutsche Telekom and gave the stock a buy rating in a research note on Wednesday, October 14th. Jefferies Financial Group set a €17.20 ($20.24) price objective on Deutsche Telekom and gave the company a buy rating in a research report on Thursday, August 13th. Finally, Morgan Stanley set a €20.00 ($23.53) target price on Deutsche Telekom and gave the stock a buy rating in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Deutsche Telekom presently has an average rating of Buy and an average target price of €18.85 ($22.17).
FRA:DTE opened at €13.47 ($15.84) on Friday. The stock has a 50-day moving average price of €14.60 and a 200 day moving average price of €14.30. Deutsche Telekom has a 12-month low of €12.72 ($14.96) and a 12-month high of €18.13 ($21.33).
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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