Deutsche Telekom: Berenberg upgrades to buy
(CercleFinance.com) - On Monday Berenberg upgraded its recommendation on the Deutsche Telekom share from "hold" to "buy," having raised its target raised price from 12 euros to 17.
7 euros.
While the share of the German telecom operator has now returned to levels close to those before the Covid-19 crisis, the analyst believes that the remaining 20% to fully return to these levels could be "difficult to achieve," even though it is possible.
Indeed, the broker says that it perceives an upside potential that depends on the sound performance of T-Mobile, which has been its US ubsidiary since 2001.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7 euros.
While the share of the German telecom operator has now returned to levels close to those before the Covid-19 crisis, the analyst believes that the remaining 20% to fully return to these levels could be "difficult to achieve," even though it is possible.
Indeed, the broker says that it perceives an upside potential that depends on the sound performance of T-Mobile, which has been its US ubsidiary since 2001.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.