Deutsche Telekom (DTE) Given a 16.40 Price Target by Sanford C. Bernstein Analysts

By Ethiopian News Agency

Deutsche Telekom (FRA:DTE) received a 16.40 ($19.07) price target from analysts at Sanford C. Bernstein in a research report issued on Thursday. The firm currently has a buy rating on the stock. Sanford C. Bernsteins price objective would indicate a potential upside of 18.58% from the companys previous close.

Several other research firms also recently commented on DTE. equinet set a 13.30 ($15.47) price target on shares of Deutsche Telekom and gave the company a neutral rating in a research report on Wednesday, March 14th. Royal Bank of Canada set a 17.00 ($19.77) price target on shares of Deutsche Telekom and gave the company a neutral rating in a research report on Wednesday, April 4th. Berenberg Bank set a 14.00 ($16.28) price target on shares of Deutsche Telekom and gave the company a neutral rating in a research report on Friday, June 8th. Credit Suisse Group set a 17.00 ($19.77) price target on shares of Deutsche Telekom and gave the company a buy rating in a research report on Monday, June 11th. Finally, Societe Generale set a 19.50 ($22.67) price target on shares of Deutsche Telekom and gave the company a buy rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of 16.85 ($19.60).

Shares of FRA:DTE traded up 0.02 ($0.02) during trading on Thursday, hitting 13.83 ($16.08). 5,601,946 shares of the company were exchanged. Deutsche Telekom has a 12-month low of 12.72 ($14.79) and a 12-month high of 18.13 ($21.08).

This article provided by NewsEdge.