Deutsche Telekom (FRA:DTE) PT Set at €20.00 by Credit Suisse Group

Deutsche Telekom (FRA:DTE) has been given a €20.00 ($23.53) target price by Credit Suisse Group in a report released on Thursday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group’s price objective suggests a potential upside of 18.96% from the stock’s previous close.

Other analysts also recently issued reports about the company. Kepler Capital Markets set a €21.00 ($24.71) target price on Deutsche Telekom and gave the company a “buy” rating in a research note on Wednesday. Barclays set a €19.00 ($22.35) target price on Deutsche Telekom and gave the company a “neutral” rating in a research note on Wednesday. Nord/LB set a €19.00 ($22.35) target price on Deutsche Telekom and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a €25.00 ($29.41) target price on Deutsche Telekom and gave the company a “buy” rating in a research note on Thursday. Finally, Berenberg Bank set a €22.00 ($25.88) price target on shares of Deutsche Telekom and gave the stock a “buy” rating in a research report on Friday, March 12th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of €21.14 ($24.87).

Shares of Deutsche Telekom stock opened at €16.81 ($19.78) on Thursday. The business has a 50-day moving average of €16.45 and a 200-day moving average of €15.36. Deutsche Telekom has a 1-year low of €12.72 ($14.96) and a 1-year high of €18.13 ($21.33).

About Deutsche Telekom

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. 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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