Deutsche Telekom (FRA:DTE – Get Rating) received a €24.60 ($25.89) price objective from investment analysts at Sanford C. Bernstein in a report issued on Friday, Borsen Zeitung reports. Sanford C. Bernstein’s target price indicates a potential upside of 37.06% from the company’s previous close.
Several other research firms also recently weighed in on DTE. Deutsche Bank Rese… set a €26.50 ($27.89) price target on shares of Deutsche Telekom in a research note on Friday, April 29th. UBS Group set a €25.20 ($26.53) price objective on shares of Deutsche Telekom in a report on Wednesday, April 27th. Barclays set a €23.00 ($24.21) price objective on shares of Deutsche Telekom in a report on Friday, April 1st. Jefferies Financial Group set a €21.30 ($22.42) price objective on shares of Deutsche Telekom in a report on Tuesday, April 26th. Finally, JPMorgan Chase & Co. set a €27.00 ($28.42) price objective on shares of Deutsche Telekom in a report on Wednesday, May 4th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of €23.90 ($25.16).
Deutsche Telekom stock opened at €17.95 ($18.89) on Friday. The company has a 50 day moving average price of €16.96 and a 200-day moving average price of €16.62. Deutsche Telekom has a fifty-two week low of €12.72 ($13.39) and a fifty-two week high of €18.13 ($19.08).
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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