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) price target by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 15.27% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. UBS Group set a €18.40 ($21.40) target price on Deutsche Telekom and gave the stock a “buy” rating in a research note on Tuesday. Barclays reiterated a “neutral” rating on shares of Deutsche Telekom in a research note on Monday. HSBC set a €17.50 ($20.35) target price on Deutsche Telekom and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Berenberg Bank set a €13.20 ($15.35) target price on Deutsche Telekom and gave the stock a “sell” rating in a research note on Tuesday, March 19th. Finally, Kepler Capital Markets set a €18.00 ($20.93) target price on Deutsche Telekom and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Deutsche Telekom currently has a consensus rating of “Buy” and a consensus price target of €16.56 ($19.26).
Shares of FRA DTE opened at €14.75 ($17.15) on Thursday. Deutsche Telekom has a 1-year low of €12.72 ($14.79) and a 1-year 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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