Deutsche Telekom (FRA:DTE) has been assigned a €28.00 ($32.94) target price by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 70.94% from the company’s current price.
A number of other brokerages have also weighed in on DTE. Jefferies Financial Group set a €21.80 ($25.65) target price on Deutsche Telekom in a research report on Monday. Berenberg Bank set a €22.00 ($25.88) target price on Deutsche Telekom in a research report on Wednesday, September 22nd. Kepler Capital Markets set a €24.00 ($28.24) target price on Deutsche Telekom in a research report on Thursday, August 12th. Barclays set a €23.50 ($27.65) target price on Deutsche Telekom in a research report on Wednesday, September 8th. Finally, UBS Group set a €24.20 ($28.47) target price on Deutsche Telekom in a research report on Wednesday, October 6th. Fourteen analysts have rated the stock with a buy rating, According to MarketBeat, Deutsche Telekom currently has an average rating of “Buy” and an average target price of €23.20 ($27.29).
Shares of DTE opened at €16.38 ($19.27) on Thursday. Deutsche Telekom has a 52-week low of €12.72 ($14.96) and a 52-week high of €18.13 ($21.33). The business’s 50 day moving average price is €17.76 and its two-hundred day moving average price is €17.38.
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. 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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