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Deutsche Telekom upgraded to BUY with €28 target, valued for income and buybacks, not growth.

Analyst Insights
22 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Deutsche Telekom has been upgraded to a BUY rating with a price target of €28 per share, reflecting a more attractive valuation after recent price declines. The company's organic growth is modest at 3-4%, with earnings growth driven mainly by share buybacks rather than operational expansion. Trading below 13 times earnings and offering a 3.76% dividend yield, Deutsche Telekom is seen as a solid income stock with conservative management, rather than a high-growth investment. Future gains are expected from disciplined capital allocation and buybacks rather than significant organic growth.

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