Deutsche Telekom (FRA:DTE) PT Set at €17.00 by Credit Suisse Group

Credit Suisse Group set a €17.00 ($19.77) target price on Deutsche Telekom (FRA:DTE) in a research note published on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also commented on DTE. Jefferies Financial Group set a €12.10 ($14.07) price objective on Deutsche Telekom and gave the stock a sell rating in a research report on Tuesday, September 24th. Berenberg Bank set a €12.70 ($14.77) price objective on Deutsche Telekom and gave the stock a sell rating in a research report on Wednesday, September 25th. Nord/LB set a €17.00 ($19.77) price objective on Deutsche Telekom and gave the stock a buy rating in a research report on Thursday, August 8th. Macquarie set a €13.00 ($15.12) price objective on Deutsche Telekom and gave the stock a sell rating in a research report on Wednesday, July 17th. Finally, Bank of America set a €18.00 ($20.93) price objective on Deutsche Telekom and gave the stock a buy rating in a research report on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of €16.72 ($19.45).

Shares of DTE stock opened at €15.93 ($18.53) on Thursday. The stock has a 50-day moving average price of €15.26 and a 200 day moving average price of €15.09. Deutsche Telekom has a 12 month low of €12.72 ($14.79) and a 12 month high of €18.13 ($21.08).

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.

Further Reading: Support Level

Analyst Recommendations for Deutsche Telekom (FRA:DTE)

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