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) target price on Deutsche Telekom (FRA:DTE) in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently weighed in on DTE. Kepler Capital Markets set a GBX 160 ($2.09) price objective on shares of Vodafone Group and gave the stock a buy rating in a research report on Thursday, June 13th. HSBC cut shares of EFG EUROBANK ER/ADR from a buy rating to a hold rating in a research report on Monday, June 17th. Macquarie set a €13.50 ($15.70) price objective on shares of Deutsche Telekom and gave the stock a neutral rating in a research report on Thursday, June 13th. Deutsche Bank increased their price objective on shares of Lululemon Athletica from $204.00 to $205.00 and gave the stock a buy rating in a research report on Thursday, June 13th. Finally, DZ Bank reaffirmed a neutral rating on shares of Bechtle in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of €16.67 ($19.39).

FRA:DTE opened at €15.25 ($17.73) on Wednesday. The business’s 50 day moving average is €15.32. Deutsche Telekom has a fifty-two week low of €12.72 ($14.79) and a fifty-two week high of €18.13 ($21.08).

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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