Deutsche Telekom (FRA:DTE) PT Set at €17.00 by HSBC

Deutsche Telekom (FRA:DTE) has been given a €17.00 ($19.77) price objective by equities researchers at HSBC in a report released on Wednesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. HSBC’s price target would indicate a potential upside of 13.26% from the company’s previous close.

DTE has been the subject of several other reports. Kepler Capital Markets set a €18.00 ($20.93) target price on Deutsche Telekom and gave the stock a “buy” rating in a research report on Thursday, November 7th. Bank of America set a €18.00 ($20.93) price target on shares of Deutsche Telekom and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group restated a “buy” rating on shares of Deutsche Telekom in a research note on Tuesday. Jefferies Financial Group set a €12.10 ($14.07) price objective on shares of Deutsche Telekom and gave the stock a “sell” rating in a report on Thursday, November 21st. Finally, Berenberg Bank set a €12.70 ($14.77) price objective on shares of Deutsche Telekom and gave the stock a “sell” rating in a report on Wednesday, November 20th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of €16.40 ($19.07).

Shares of FRA:DTE opened at €15.01 ($17.45) on Wednesday. Deutsche Telekom has a 1-year low of €12.72 ($14.79) and a 1-year high of €18.13 ($21.08). The business’s 50 day moving average is €15.47 and its 200-day moving average is €15.21.

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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