Deutsche Telekom: Commerzbank upgrades to buy
(CercleFinance.com) - Commerzbank has upped its rating on Deutsche Telekom from "hold" to "buy," seeing the stock as an excellent buy opportunity.
The German broker sees 18% upside potential over the next 12 months, recommending investors to buy shares ahead of the group's 24/25 May Capital Markets Day.
"The event should reassure on capex concerns, deliver confident targets, and sharpen focus on DT's safely-covered superior DPS growth," Commerzbank, which however has trimmed its target price from 18 euros to 17 euros, due to adverse FX factors.
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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.
The German broker sees 18% upside potential over the next 12 months, recommending investors to buy shares ahead of the group's 24/25 May Capital Markets Day.
"The event should reassure on capex concerns, deliver confident targets, and sharpen focus on DT's safely-covered superior DPS growth," Commerzbank, which however has trimmed its target price from 18 euros to 17 euros, due to adverse FX factors.
Copyright (c) 2018 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.