FY2017 EPS Estimates for Deutsche Telekom AG (DTEGY) Boosted by Jefferies Group
Deutsche Telekom AG (OTCMKTS:DTEGY) – Equities research analysts at Jefferies Group lifted their FY2017 earnings estimates for shares of Deutsche Telekom in a research report issued to clients and investors on Tuesday. Jefferies Group analyst U. Rathe now anticipates that the utilities provider will post earnings per share of $0.94 for the year, up from their prior forecast of $0.91. Jefferies Group also issued estimates for Deutsche Telekom’s FY2018 earnings at $1.26 EPS.
Several other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Deutsche Telekom from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Kepler Capital Markets raised shares of Deutsche Telekom from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Oddo Bhf reissued a “buy” rating on shares of Deutsche Telekom in a research report on Thursday, November 9th. Finally, UBS reissued a “buy” rating on shares of Deutsche Telekom in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $37.50.
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About Deutsche Telekom
Deutsche Telekom AG provides information technology (IT) and telecommunications services. The Company’s operating segments include Germany, consisting of fixed-network and mobile activities in Germany; United States, which consists of mobile activities in the United States market; Europe, consisting of fixed-network and mobile operations of the national companies in various European countries, such as Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands and Austria; Systems Solutions, which operates information and communication technology (ICT) systems for multinational corporations and public sector institutions, and Group Headquarters & Group Services, which consists of the operations of service headquarters and various other subsidiaries of the Company.
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