Deutsche Telekom (FRA:DTE) received a €19.00 ($22.62) price target from analysts at Independent Research in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Independent Research’s price objective would indicate a potential upside of 26.71% from the company’s current price.
A number of other equities research analysts also recently weighed in on DTE. Goldman Sachs Group set a €19.40 ($23.10) target price on Deutsche Telekom and gave the stock a “buy” rating in a research report on Thursday. Berenberg Bank set a €15.80 ($18.81) target price on Deutsche Telekom and gave the stock a “neutral” rating in a research report on Monday, September 25th. Sanford C. Bernstein set a €16.45 ($19.58) target price on Deutsche Telekom and gave the stock a “neutral” rating in a research report on Monday, October 16th. Deutsche Bank set a €19.20 ($22.86) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Monday, December 18th. Finally, Barclays set a €19.30 ($22.98) price objective on Deutsche Telekom and gave the company a “buy” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of €17.33 ($20.63).
Shares of Deutsche Telekom (FRA:DTE) opened at €15.00 ($17.85) on Thursday. Deutsche Telekom has a 52-week low of €14.63 ($17.42) and a 52-week high of €18.13 ($21.58).
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Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The company operates through four segments: Germany, United States, Europe, and Systems Solutions. 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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