Credit Suisse Group Reiterates “€23.00” Price Target for Deutsche Telekom (FRA:DTE)

Deutsche Telekom (FRA:DTEGet Rating) has been assigned a €23.00 ($23.00) target price by analysts at Credit Suisse Group in a research note issued on Friday, Borsen Zeitung reports. Credit Suisse Group’s price objective would indicate a potential upside of 21.95% from the stock’s current price.

DTE has been the subject of a number of other reports. Jefferies Financial Group set a €23.60 ($23.60) price objective on Deutsche Telekom in a report on Thursday. Barclays set a €23.50 ($23.50) price objective on Deutsche Telekom in a research report on Thursday. The Goldman Sachs Group set a €23.50 ($23.50) target price on shares of Deutsche Telekom in a research report on Thursday. JPMorgan Chase & Co. set a €27.50 ($27.50) price target on shares of Deutsche Telekom in a research report on Friday, October 28th. Finally, Sanford C. Bernstein set a €25.00 ($25.00) target price on shares of Deutsche Telekom in a research note on Thursday.

Deutsche Telekom Stock Performance

Shares of FRA DTE opened at €18.86 ($18.86) on Friday. The firm has a 50 day moving average price of €18.57 and a two-hundred day moving average price of €18.56. Deutsche Telekom has a 52-week low of €12.72 ($12.72) and a 52-week high of €18.13 ($18.13).

Deutsche Telekom Company Profile

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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.

Further Reading

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