Deutsche Telekom (FRA:DTE) Given a €27.00 Price Target by Berenberg Bank Analysts

Berenberg Bank set a €27.00 ($28.13) target price on Deutsche Telekom (FRA:DTEGet Rating) in a report issued on Thursday, Borsen Zeitung reports.

A number of other analysts have also issued reports on DTE. Credit Suisse Group set a €21.00 ($21.88) target price on Deutsche Telekom in a report on Tuesday, May 17th. JPMorgan Chase & Co. set a €27.00 ($28.13) target price on Deutsche Telekom in a report on Friday, May 13th. Jefferies Financial Group set a €21.30 ($22.19) price objective on Deutsche Telekom in a report on Friday, May 13th. The Goldman Sachs Group set a €22.50 ($23.44) price objective on Deutsche Telekom in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a €26.00 ($27.08) price objective on Deutsche Telekom in a report on Friday, February 25th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Deutsche Telekom presently has an average rating of Buy and a consensus price target of €24.03 ($25.03).

Shares of FRA:DTE opened at €18.32 ($19.08) on Thursday. The stock has a fifty day moving average of €17.29 and a 200-day moving average of €16.70. Deutsche Telekom has a one year low of €12.72 ($13.25) and a one year high of €18.13 ($18.89).

About Deutsche Telekom (Get Rating)

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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