Deutsche Telekom (FRA:DTE) has been assigned a €13.60 ($15.81) price objective by equities researchers at Barclays in a research note issued on Monday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. Barclays‘s price objective indicates a potential downside of 8.68% from the stock’s previous close.
Several other equities analysts also recently issued reports on the company. Bank of America set a €18.00 ($20.93) target price on Deutsche Telekom and gave the company a “buy” rating in a research report on Friday, November 1st. DZ Bank reissued a “buy” rating on shares of Deutsche Telekom in a research report on Friday, November 8th. Nord/LB set a €17.40 ($20.23) target price on Deutsche Telekom and gave the company a “buy” rating in a research report on Thursday, November 7th. Credit Suisse Group set a €16.00 ($18.60) target price on Deutsche Telekom and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group set a €12.10 ($14.07) target price on Deutsche Telekom and gave the company a “sell” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of €16.38 ($19.04).
Shares of DTE stock opened at €14.89 ($17.32) on Monday. The business’s fifty day simple moving average is €15.39 and its 200-day simple moving average is €15.21. Deutsche Telekom has a 12-month low of €12.72 ($14.79) and a 12-month high of €18.13 ($21.08).
About Deutsche Telekom
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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