Deutsche Telekom: in the green with a broker upgrade

(CercleFinance.com) - Deutsche Telekom gained over 1% in Frankfurt, on the back of positive comments from UBS, which raised its recommendation on the German operator's stock from 'neutral' to 'buy', with a price target raised from 31 to 33 euros due to exchange rate variations.


The broker points out that Deutsche Telekom trades on a PE ratio of 13.4 times, but offers EPS growth of +11% per annum. It also sees it as a 'defensive US stock', with the US accounting for two-thirds of its business.

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