Deutsche Telekom has been given a "Neutral" rating by UBS AG, with a price target of 28 euros, following the release of its third-quarter results. The company's consistent performance has been highlighted by analyst Polo Tang, although concerns about the German economy and the upcoming Bundestag elections have affected the share price.
In early trading, Deutsche Telekom's stock increased by 2.8% to EUR 28.62, indicating a downside risk of 2.17% compared to the established price target. The share price has risen by 36.2% since the beginning of 2024, with 1,447,126 shares traded so far today.
The financial results for Q3 2024 will be announced on November 14, 2024.