Jefferies Financial Group set a €12.10 ($14.07) price objective on Deutsche Telekom (FRA:DTE) in a report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other analysts also recently issued reports on DTE. HSBC set a €17.00 ($19.77) price target on Deutsche Telekom and gave the stock a buy rating in a report on Wednesday, December 4th. DZ Bank reaffirmed a buy rating on shares of Deutsche Telekom in a research note on Thursday, January 9th. Bank of America set a €18.00 ($20.93) price objective on Deutsche Telekom and gave the company a buy rating in a research note on Friday, November 1st. Credit Suisse Group set a €16.00 ($18.60) target price on Deutsche Telekom and gave the stock a neutral rating in a research report on Friday, November 8th. Finally, Berenberg Bank set a €12.70 ($14.77) target price on Deutsche Telekom and gave the stock a sell rating in a research report on Thursday, January 9th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of €16.32 ($18.98).
DTE opened at €15.63 ($18.17) on Tuesday. Deutsche Telekom has a 12 month low of €12.72 ($14.79) and a 12 month high of €18.13 ($21.08). The business has a fifty day moving average price of €14.78 and a 200 day moving average price of €15.06.
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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