BUZZ - Bernstein downgrades Deutsche Telekom to "market perform" after reports of a T-Mobile merger
路透社2026/09/25 09:31September 25 -
** Bernstein downgraded Deutsche Telekom (DTEGn.DE) from "Outperform" to "Market Perform" after reports that the German telecom operator may merge with T-Mobile US (TMUS.O)
** The firm said its view on Deutsche Telekom was also influenced by its US analyst's "Market Perform" rating on T-Mobile
** The institution added that competition in the German fixed-line market could put pressure on the company
** Bernstein said it maintains a cautious outlook on the European telecom sector and prefers operators focused on their core connectivity business
** The firm lowered its price target on Deutsche Telekom from 37 euros to 28.1 euros
** According to LSEG data, out of 21 analysts covering Deutsche Telekom, 20 rate it as either "Strong Buy" or "Buy", and 1 rates it as "Hold"
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