Deutsche Telekom (FRA:DTE) Given a €23.50 Price Target by The Goldman Sachs Group Analysts

Deutsche Telekom (FRA:DTEGet Rating) has been given a €23.50 ($23.50) price objective by investment analysts at The Goldman Sachs Group in a research report issued on Thursday, Borsen Zeitung reports. The Goldman Sachs Group’s price target would suggest a potential upside of 24.60% from the stock’s current price.

Several other brokerages have also issued reports on DTE. Deutsche Bank Aktiengesellschaft set a €29.50 ($29.50) price target on shares of Deutsche Telekom in a research note on Thursday, October 13th. Credit Suisse Group set a €23.00 ($23.00) price target on shares of Deutsche Telekom in a research note on Friday, August 12th. JPMorgan Chase & Co. set a €27.50 ($27.50) price target on shares of Deutsche Telekom in a research note on Friday, October 28th. Sanford C. Bernstein set a €25.00 ($25.00) price target on shares of Deutsche Telekom in a research note on Thursday. Finally, Barclays set a €23.50 ($23.50) price target on shares of Deutsche Telekom in a research note on Thursday.

Deutsche Telekom Trading Down 2.8 %

FRA:DTE opened at €18.86 ($18.86) on Thursday. Deutsche Telekom has a 52 week low of €12.72 ($12.72) and a 52 week high of €18.13 ($18.13). The firm has a 50-day moving average price of €18.57 and a two-hundred day moving average price of €18.55.

About Deutsche Telekom

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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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