Shares of Deutsche Telekom AG (FRA:DTE) have been assigned an average recommendation of “Buy” from the twenty-four research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is €17.21 ($21.25).
A number of brokerages have issued reports on DTE. Goldman Sachs Group set a €18.70 ($23.09) target price on shares of Deutsche Telekom and gave the company a “buy” rating in a report on Thursday. Commerzbank set a €17.00 ($20.99) price target on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Tuesday. Citigroup set a €15.50 ($19.14) price target on shares of Deutsche Telekom and gave the stock a “neutral” rating in a report on Tuesday. HSBC set a €18.50 ($22.84) price target on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Tuesday. Finally, Berenberg Bank set a €14.00 ($17.28) price target on shares of Deutsche Telekom and gave the stock a “neutral” rating in a report on Tuesday.
Shares of Deutsche Telekom (DTE) traded down €0.15 ($0.19) during mid-day trading on Friday, reaching €13.81 ($17.04). 21,089,038 shares of the company’s stock were exchanged. Deutsche Telekom has a 1-year low of €13.70 ($16.91) and a 1-year high of €18.13 ($22.38).
About Deutsche Telekom
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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