Deutsche Telekom (FRA:DTE) Given a €27.00 Price Target at Berenberg Bank

Berenberg Bank set a €27.00 ($29.03) price objective on Deutsche Telekom (FRA:DTEGet Rating) in a report published on Wednesday, Borsen Zeitung reports.

Several other analysts have also commented on the stock. Jefferies Financial Group set a €21.30 ($22.90) price objective on shares of Deutsche Telekom in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a €26.00 ($27.96) price objective on shares of Deutsche Telekom in a research report on Friday, February 25th. JPMorgan Chase & Co. set a €26.50 ($28.49) price objective on shares of Deutsche Telekom in a research report on Thursday, April 21st. Credit Suisse Group set a €21.00 ($22.58) price objective on shares of Deutsche Telekom in a research report on Wednesday, March 23rd. Finally, UBS Group set a €25.20 ($27.10) price objective on shares of Deutsche Telekom in a research report on Wednesday. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and an average target price of €23.86 ($25.66).

Deutsche Telekom stock opened at €17.55 ($18.88) on Wednesday. Deutsche Telekom has a fifty-two week low of €12.72 ($13.68) and a fifty-two week high of €18.13 ($19.49). The firm’s 50-day simple moving average is €16.74 and its 200 day simple moving average is €16.55.

About Deutsche Telekom (Get Rating)

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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