Deutsche Telekom (FRA:DTE) Given a €18.00 Price Target by Bank of America Analysts
Several other research firms have also commented on DTE. Macquarie set a €13.50 ($15.70) price target on Deutsche Telekom and gave the stock a neutral rating in a research report on Thursday, June 13th. Jefferies Financial Group lowered Lululemon Athletica to a hold rating and lifted their price target for the stock from $156.00 to $175.00 in a research report on Thursday, June 13th. UBS Group set a €110.00 ($127.91) price target on Wacker Chemie and gave the stock a buy rating in a research report on Thursday, June 13th. HSBC lowered EFG EUROBANK ER/ADR from a buy rating to a hold rating in a research report on Monday, June 17th. Finally, Credit Suisse Group assumed coverage on LTC Properties in a research note on Wednesday. They issued an underperform rating and a $19.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of €16.67 ($19.39).
DTE traded down €0.10 ($0.12) during trading on Wednesday, hitting €15.31 ($17.80). 7,086,897 shares of the stock were exchanged. Deutsche Telekom has a 1-year low of €12.72 ($14.79) and a 1-year high of €18.13 ($21.08). The company’s fifty day simple moving average is €15.32.
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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