Deutsche Telekom: Oddo BHF maintains buy rating

(CercleFinance.com) - This morning, an Oddo BHF analyst confirmed his "buy" recommendation on the Deutsche Telekom share, hailing a very good publication in Germany after the excellent US figures.


The broker remains particularly confident that DT will exceed [its] guidelines. It is clear from the group's initial publication that the 5 billion euro integration of annual costs for Sprint appears conservative and synergies are being implemented faster than expected, the broker comments.

Oddo BHF thus confirms its target price of 17 euros, meaning upside potential of 13%.


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.