Deutsche Telekom (DTE) Given Average Recommendation of “Buy” by Brokerages

Shares of Deutsche Telekom (FRA:DTE) have been assigned an average recommendation of “Buy” from the twenty-five analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is €16.74 ($19.93).

A number of research analysts recently weighed in on DTE shares. Goldman Sachs set a €18.70 ($22.26) target price on shares of Deutsche Telekom and gave the company a “buy” rating in a research note on Friday, February 23rd. Cfra set a €16.00 ($19.05) target price on shares of Deutsche Telekom and gave the company a “buy” rating in a research note on Friday, February 23rd. Sanford C. Bernstein set a €16.25 ($19.35) price target on shares of Deutsche Telekom and gave the company a “neutral” rating in a report on Thursday, February 22nd. Royal Bank of Canada set a €17.00 ($20.24) price target on shares of Deutsche Telekom and gave the company a “neutral” rating in a report on Wednesday, April 4th. Finally, JPMorgan Chase set a €18.70 ($22.26) price target on shares of Deutsche Telekom and gave the company a “buy” rating in a report on Tuesday, January 30th.

Shares of Deutsche Telekom traded down €0.04 ($0.05), reaching €13.45 ($16.01), during trading hours on Friday, according to MarketBeat.com. 23,524,894 shares of the stock traded hands. Deutsche Telekom has a 52-week low of €12.72 ($15.14) and a 52-week high of €18.13 ($21.58).

Deutsche Telekom Company Profile

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. 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.

Analyst Recommendations for Deutsche Telekom (FRA:DTE)

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