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J.P. Morgan Reaffirms Their Buy Rating on Deutsche Telekom (0MPH)

Tipranks - Thu Jan 22, 1:20AM CST

J.P. Morgan analyst Akhil Dattani maintained a Buy rating on Deutsche Telekom today and set a price target of €39.00.

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Dattani covers the Communication Services sector, focusing on stocks such as Deutsche Telekom, Vodafone, and Telefonica. According to TipRanks, Dattani has an average return of 3.3% and a 53.56% success rate on recommended stocks.

In a report released on January 16, Barclays also maintained a Buy rating on the stock with a €40.00 price target.

Based on Deutsche Telekom’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €28.75 billion and a net profit of €2.43 billion. In comparison, last year the company earned a revenue of €1.12 billion and had a net profit of €2.96 billion

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0MPH in relation to earlier this year.

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