Deutsche Telekom (FRA:DTE) Given a €18.00 Price Target at Credit Suisse Group

Credit Suisse Group set a €18.00 ($21.18) target price on Deutsche Telekom (FRA:DTE) in a research report sent to investors on Friday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued reports about the stock. Berenberg Bank set a €17.70 ($20.82) price target on shares of Deutsche Telekom and gave the stock a buy rating in a research report on Wednesday, September 23rd. Nord/LB set a €17.00 ($20.00) target price on Deutsche Telekom and gave the stock a buy rating in a report on Monday, August 17th. Independent Research set a €17.00 ($20.00) target price on Deutsche Telekom and gave the stock a buy rating in a research report on Friday, August 14th. Barclays set a €18.00 ($21.18) price target on Deutsche Telekom and gave the company a neutral rating in a research report on Wednesday, September 23rd. Finally, DZ Bank restated a buy rating on shares of Deutsche Telekom in a report on Wednesday, October 14th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of €18.85 ($22.17).

Shares of FRA DTE opened at €13.25 ($15.59) on Friday. The firm’s 50-day simple moving average is €14.50 and its 200 day simple moving average is €14.33. Deutsche Telekom has a fifty-two week low of €12.72 ($14.96) and a fifty-two week high of €18.13 ($21.33).

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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