Brokerages Set Deutsche Telekom AG (DTE) Price Target at $16.74

Deutsche Telekom AG (FRA:DTE) has been given a consensus recommendation of “Buy” by the twenty-four ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is €16.74 ($19.46).

Several research analysts have recently issued reports on DTE shares. Barclays set a €17.00 ($19.77) price objective on shares of Deutsche Telekom and gave the stock a “neutral” rating in a report on Thursday, August 23rd. Jefferies Financial Group set a €11.80 ($13.72) price objective on shares of Deutsche Telekom and gave the stock a “sell” rating in a report on Tuesday, July 31st. Bank of America set a €17.20 ($20.00) price objective on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Thursday, August 30th. Credit Suisse Group set a €17.00 ($19.77) price objective on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Monday, July 16th. Finally, DZ Bank restated a “buy” rating on shares of Deutsche Telekom in a report on Thursday, August 9th.

FRA:DTE opened at €13.86 ($16.11) on Wednesday. Deutsche Telekom has a 52-week low of €12.72 ($14.79) and a 52-week high of €18.13 ($21.08).

Deutsche Telekom Company Profile

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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Analyst Recommendations for Deutsche Telekom (FRA:DTE)

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