Jefferies Financial Group set a €21.30 ($25.06) price objective on Deutsche Telekom (FRA:DTE) in a report published on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other research firms also recently commented on DTE. Berenberg Bank set a €22.00 ($25.88) price objective on Deutsche Telekom and gave the company a buy rating in a report on Tuesday, May 25th. DZ Bank reaffirmed a buy rating on shares of Deutsche Telekom in a research note on Wednesday, May 12th. The Goldman Sachs Group set a €23.00 ($27.06) price objective on shares of Deutsche Telekom and gave the stock a buy rating in a research note on Monday, May 24th. Morgan Stanley set a €23.00 ($27.06) target price on shares of Deutsche Telekom and gave the company a buy rating in a research note on Friday, May 21st. Finally, Credit Suisse Group set a €20.00 ($23.53) price target on shares of Deutsche Telekom and gave the stock a buy rating in a research report on Thursday, May 13th. Fourteen investment analysts have rated the stock with a buy rating, Deutsche Telekom presently has an average rating of Buy and a consensus target price of €22.02 ($25.91).
Shares of Deutsche Telekom stock opened at €17.70 ($20.82) on Thursday. The company’s fifty day simple moving average is €16.65. Deutsche Telekom has a 52 week low of €12.72 ($14.96) and a 52 week high of €18.13 ($21.33).
Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. 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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