Deutsche Telekom (FRA:DTE) Given a €21.00 Price Target at Credit Suisse Group

Deutsche Telekom (FRA:DTEGet Rating) has been assigned a €21.00 ($21.88) price objective by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. Credit Suisse Group’s price objective points to a potential upside of 16.16% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Berenberg Bank set a €27.00 ($28.13) target price on shares of Deutsche Telekom in a research report on Thursday, May 12th. JPMorgan Chase & Co. set a €27.00 ($28.13) target price on shares of Deutsche Telekom in a research report on Friday. Deutsche Bank Aktiengesellschaft set a €26.00 ($27.08) target price on shares of Deutsche Telekom in a research report on Friday, February 25th. Barclays set a €23.00 ($23.96) target price on shares of Deutsche Telekom in a research report on Friday. Finally, Jefferies Financial Group set a €21.30 ($22.19) target price on shares of Deutsche Telekom in a research report on Friday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of €23.96 ($24.96).

Deutsche Telekom stock opened at €18.08 ($18.83) on Tuesday. Deutsche Telekom has a 12-month low of €12.72 ($13.25) and a 12-month high of €18.13 ($18.89). The firm’s fifty day moving average is €17.10 and its 200 day moving average is €16.65.

Deutsche Telekom Company Profile (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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