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Analysts Maintain 'Buy' on Deutsche-Telekom Shares Despite Short-Term Weakness

Analysts see significant medium-term potential in Deutsche-Telekom shares, despite short-term technical indicators remaining weak and investors waiting for clearer growth signals.

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Analysts Maintain 'Buy' on Deutsche-Telekom Shares Despite Short-Term Weakness

Despite recent stagnation at around €29, analysts from prominent banks like ODDO BHF, UBS, JPMorgan, and DZ Bank maintain a 'buy' recommendation for Deutsche-Telekom shares, citing solid fundamentals and long-term confidence.

These analysts point to an expected EPS of €1.95 by 2025 and Moody’s upgrade to A3 with a stable outlook as key reasons for their optimism. They see significant medium-term potential, with price targets around €43.50, indicating over 30% upside. However, short-term technical indicators remain weak, and investors seem to be waiting for clearer growth signals.

The share's recent performance has been lacklustre, stuck in a downtrend and unable to sustainably rise above €30. Operational news, such as the deal with ARD and ZDF or increasing data usage in the 5G network, has yet to impact the share's course. Even the takeover of the Austrian IT specialist Synedra received a muted response from the market.

Analysts' long-term confidence in Deutsche-Telekom shares persists despite short-term weakness. A break above the 50-day line at €31 would signal positive momentum. However, investors await clearer growth signals to drive the share price upwards.

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