Deutsche Telekom (FRA:DTE) Given a €17.00 Price Target at Credit Suisse Group

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

Other analysts have also issued reports about the company. Independent Research set a €17.50 ($20.35) target price on Deutsche Telekom and gave the stock a buy rating in a research report on Thursday, August 8th. Berenberg Bank set a €12.70 ($14.77) target price on Deutsche Telekom and gave the stock a sell rating in a research report on Wednesday, September 25th. Macquarie set a €13.00 ($15.12) target price on Deutsche Telekom and gave the stock a sell rating in a research report on Wednesday, July 17th. Jefferies Financial Group set a €12.10 ($14.07) target price on Deutsche Telekom and gave the stock a sell rating in a research report on Tuesday, September 24th. Finally, HSBC set a €17.00 ($19.77) target price on Deutsche Telekom and gave the stock a buy rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of €16.72 ($19.45).

Shares of FRA DTE traded up €0.09 ($0.10) during midday trading on Thursday, reaching €15.93 ($18.53). 10,135,028 shares of the company’s stock were exchanged. Deutsche Telekom has a 52-week low of €12.72 ($14.79) and a 52-week high of €18.13 ($21.08). The business’s fifty day moving average price is €15.24 and its two-hundred day moving average price is €15.09.

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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