Deutsche Telekom (FRA:DTE) Stock Price Passes Above 200-Day Moving Average of $16.96

Deutsche Telekom AG (FRA:DTEGet Rating) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €16.96 ($17.67) and traded as high as €18.14 ($18.90). Deutsche Telekom shares last traded at €18.00 ($18.75), with a volume of 9,671,267 shares traded.

Several equities analysts have recently issued reports on DTE shares. Deutsche Bank Rese… set a €26.50 ($27.60) price target on Deutsche Telekom in a research report on Monday, May 16th. The Goldman Sachs Group set a €22.50 ($23.44) target price on Deutsche Telekom in a research report on Monday, June 6th. UBS Group set a €26.00 ($27.08) target price on Deutsche Telekom in a research report on Thursday, June 9th. Jefferies Financial Group set a €21.30 ($22.19) target price on Deutsche Telekom in a research report on Wednesday, June 8th. Finally, Credit Suisse Group set a €21.00 ($21.88) target price on Deutsche Telekom in a research report on Tuesday, May 17th.

The stock has a 50 day simple moving average of €17.94 and a 200-day simple moving average of €16.96.

About Deutsche Telekom (FRA:DTE)

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.

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