Nord/LB set a €17.00 ($19.77) price target on Deutsche Telekom (FRA:DTE) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research firms have also issued reports on DTE. Barclays set a €16.80 ($19.53) target price on Deutsche Telekom and gave the company a neutral rating in a report on Monday, June 3rd. Credit Suisse Group set a €17.00 ($19.77) target price on Deutsche Telekom and gave the company a neutral rating in a report on Tuesday, May 14th. DZ Bank restated a buy rating on shares of Deutsche Telekom in a report on Tuesday, May 21st. UBS Group set a €18.40 ($21.40) target price on Deutsche Telekom and gave the company a buy rating in a report on Wednesday, March 20th. Finally, HSBC set a €17.50 ($20.35) price objective on Deutsche Telekom and gave the stock a buy rating in a report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Deutsche Telekom has an average rating of Buy and an average target price of €16.63 ($19.34).
DTE opened at €15.35 ($17.85) on Thursday. Deutsche Telekom has a 12-month low of €12.72 ($14.79) and a 12-month high of €18.13 ($21.08).
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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