UBS raises Deutsche Telekom price target to 31 euros while maintaining neutral rating

UBS has raised its price target for Deutsche Telekom to 31 euros from 28 euros, while keeping a "Neutral" rating.

The adjustment comes after the latest quarterly figures from mobile phone providers in Germany were released, which raised concerns about increased competition, particularly in the low-cost segment, according to analyst Polo Tang.

Despite these competitive pressures, Tang remains optimistic about Deutsche Telekom's long-term prospects.

The company is expected to achieve defensive earnings growth, with earnings per share (EPS) projected to exceed 11 percent, and annual shareholder returns of over 4 percent.

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