DZ Bank Reiterates Buy Rating for Deutsche Telekom (FRA:DTE)
DZ Bank restated their buy rating on shares of Deutsche Telekom (FRA:DTE) in a research note issued to investors on Friday, Borsen Zeitung reports.
DTE has been the topic of a number of other research reports. Credit Suisse Group set a €16.00 ($18.60) target price on Deutsche Telekom and gave the stock a neutral rating in a report on Friday. Kepler Capital Markets set a €18.00 ($20.93) target price on Deutsche Telekom and gave the stock a buy rating in a report on Thursday, November 7th. Independent Research set a €18.50 ($21.51) target price on Deutsche Telekom and gave the stock a buy rating in a report on Thursday, November 7th. Bank of America set a €18.00 ($20.93) target price on Deutsche Telekom and gave the stock a buy rating in a report on Friday, November 1st. Finally, Macquarie set a €13.00 ($15.12) target price on Deutsche Telekom and gave the stock a sell rating in a report on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of €16.57 ($19.26).
FRA:DTE opened at €15.26 ($17.74) on Friday. The business’s 50 day moving average is €15.56 and its two-hundred day moving average is €15.18. Deutsche Telekom has a 52 week low of €12.72 ($14.79) and a 52 week 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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