Deutsche Telekom: Credit Suisse still a buyer
(CercleFinance.com) - Maintaining its buy rating ("outperform") on the Deutsche Telekom stock, Credit Suisse has increased its estimates following the results publication by the German group's US subsidiary, T-Mobile US.
The broker maintains its target price of 17 euros.
The stock has outperformed the European telecoms sector by 17% since the beginning of the year, which Credit Suisse mainly attributes to T-Mobile US. The latter will merge with Sprint, which increases optimism, along with the critical mass that it will achieve.
Conversely, in Germany, the consensus fears the investments required for the deployment of optical fiber. However, the transaction does not seem insurmountable according to Credit Suisse, which believes that the pace chosen by Deutsche Telekom is comparable to what has been done in Norway and the Netherlands: however, in France, Orange's progress has been almost twice as fast.
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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 broker maintains its target price of 17 euros.
The stock has outperformed the European telecoms sector by 17% since the beginning of the year, which Credit Suisse mainly attributes to T-Mobile US. The latter will merge with Sprint, which increases optimism, along with the critical mass that it will achieve.
Conversely, in Germany, the consensus fears the investments required for the deployment of optical fiber. However, the transaction does not seem insurmountable according to Credit Suisse, which believes that the pace chosen by Deutsche Telekom is comparable to what has been done in Norway and the Netherlands: however, in France, Orange's progress has been almost twice as fast.
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.