Deutsche Telekom: Credit Suisse still neutral

(CercleFinance.com) - On Tuesday morning, Credit Suisse confirmed its neutral rating on the Deutsche Telekom share, saying that the positive momentum experienced by the German telephone operator is priced in by the consensus and reflected in the share's valuation.

The broker has a target price of 17 euros for the share.

The broker's note still recognises that, with sales up 3% in Q2 and an improved EBITDA of 4%, Deutsche Telekom is posting one of the highest growth rates in its sector.

However, experts believe that these factors are already integrated by the current consensus, and are also reflected in a premium for the share.


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