Deutsche Telekom (FRA:DTE) Earns “Buy” Rating from HSBC

HSBC reissued their buy rating on shares of Deutsche Telekom (FRA:DTE) in a report issued on Tuesday, Borsen Zeitung reports.

A number of other brokerages also recently commented on DTE. Barclays set a €16.80 ($19.53) price target on Deutsche Telekom and gave the company a neutral rating in a research report on Monday, June 3rd. Credit Suisse Group set a €17.00 ($19.77) target price on Deutsche Telekom and gave the stock a neutral rating in a research report on Tuesday, May 14th. Berenberg Bank set a €13.20 ($15.35) target price on Deutsche Telekom and gave the stock a sell rating in a research report on Monday, February 11th. DZ Bank reissued a buy rating on shares of Deutsche Telekom in a research report on Tuesday, May 21st. Finally, UBS Group set a €18.40 ($21.40) target price on Deutsche Telekom and gave the stock a buy rating in a research report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of €16.59 ($19.29).

Shares of DTE opened at €15.32 ($17.81) on Tuesday. Deutsche Telekom has a 12 month low of €12.72 ($14.79) and a 12 month high of €18.13 ($21.08).



About Deutsche Telekom

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.

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Analyst Recommendations for Deutsche Telekom (FRA:DTE)

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