Deutsche Telekom: Oddo trims target price
(CercleFinance.com) - Oddo maintains its Outperform rating on Deutsche Telekom shares, albeit taking a euro off its target price, which is now E22 (vs.
E23).
Although the stock is not Oddo's best pick in the sector, the analyst remains a buyer.
Deutsche Telekom shares fell by 9% on Friday as a result of (inaccurate) information that Amazon was in discussions with US operators (Dish, Verizon, T-Mobile and AT&T), the broker points out.
Although Amazon and the operators denied this, T-Mobile shares ended the session down 5.6%, representing a theoretical impact of 4% on Deutsche Telekom's valuation.
However, the fall in T-Mobile's share price has an impact of E1 on the broker's valuation of Deutsche Telekom, which analysts are adjusting to E22 per share, the analyst concludes.
Copyright (c) 2023 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.
E23).
Although the stock is not Oddo's best pick in the sector, the analyst remains a buyer.
Deutsche Telekom shares fell by 9% on Friday as a result of (inaccurate) information that Amazon was in discussions with US operators (Dish, Verizon, T-Mobile and AT&T), the broker points out.
Although Amazon and the operators denied this, T-Mobile shares ended the session down 5.6%, representing a theoretical impact of 4% on Deutsche Telekom's valuation.
However, the fall in T-Mobile's share price has an impact of E1 on the broker's valuation of Deutsche Telekom, which analysts are adjusting to E22 per share, the analyst concludes.
Copyright (c) 2023 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.