Deutsche Telekom (FRA:DTE) Stock Price Passes Above Two Hundred Day Moving Average of $14.09

Shares of Deutsche Telekom AG (FRA:DTE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.09 and traded as high as $14.68. Deutsche Telekom shares last traded at $14.36, with a volume of 13,001,102 shares traded.

DTE has been the topic of a number of recent research reports. UBS Group set a €20.90 ($23.48) target price on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Thursday, July 23rd. Jefferies Financial Group set a €17.20 ($19.33) target price on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Barclays set a €16.50 ($18.54) target price on shares of Deutsche Telekom and gave the stock a “neutral” rating in a report on Friday, July 24th. Morgan Stanley set a €20.00 ($22.47) target price on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Friday, July 3rd. Finally, Oddo Bhf set a €17.00 ($19.10) target price on shares of Deutsche Telekom and gave the stock a “buy” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of €17.82 ($20.02).

The firm’s 50 day simple moving average is €15.00 and its 200 day simple moving average is €14.09.

Deutsche Telekom Company Profile (FRA:DTE)

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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