Deutsche Telekom (DTE) Given a €17.00 Price Target at Credit Suisse Group
Deutsche Telekom (FRA:DTE) has been assigned a €17.00 ($19.77) target price by stock analysts at Credit Suisse Group in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 17.12% from the company’s current price.
Several other research analysts have also commented on the company. UBS Group set a €18.40 ($21.40) price objective on Deutsche Telekom and gave the stock a “buy” rating in a report on Tuesday. equinet set a €13.30 ($15.47) target price on Deutsche Telekom and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. DZ Bank reaffirmed a “buy” rating on shares of Deutsche Telekom in a research note on Thursday, October 18th. HSBC set a €17.00 ($19.77) target price on Deutsche Telekom and gave the stock a “buy” rating in a research note on Thursday, October 18th. Finally, Barclays set a €17.00 ($19.77) target price on Deutsche Telekom and gave the stock a “neutral” rating in a research note on Monday, October 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of €16.74 ($19.47).
Shares of FRA DTE traded up €0.04 ($0.05) during midday trading on Tuesday, hitting €14.52 ($16.88). 6,883,798 shares of the company’s stock were exchanged. Deutsche Telekom has a 12-month low of €12.72 ($14.79) and a 12-month high of €18.13 ($21.08).
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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