Deutsche Telekom Buyback Spree Bolsters Shares as Key Technical Hurdle Looms
Published on 07/18/2026 at 10:01 | Redaktion boerse-global.de
Deutsche Telekom’s stock has clawed back more than 14% from its 52-week low, aided by a burst of corporate buyback activity and steady analyst support. The shares closed Friday at €27.01, up 1.09% on the day and roughly 3% higher over the past week. The rebound follows a nadir of €23.54 hit on June 30, leaving the stock still 21% shy of this year’s February peak of €34.35.
The buyback machine is running at a brisk pace. Between July 6 and July 10, the Bonn-based group repurchased 1,412,830 own shares on Xetra, with daily volumes ranging from roughly 277,500 to 287,280 units and weighted average prices between €25.1569 and €26.0425 per day. Since the programme kicked off on July 1, Deutsche Telekom has bought back a total of 2,321,535 shares. The steady removal of equity from the market offers a natural demand cushion, a factor investors are carefully weighing as the second-quarter reporting season approaches.
Technically, the stock is approaching a make-or-break level. The 14-day relative strength index stands at 55.7, indicating neither overbought nor oversold conditions, but the price is now just 1% below its 50-day moving average of €27.30. A decisive breach above that line would flash a classic buy signal; failure to clear it would keep the €23.54 floor firmly in play as downside support.
Should investors sell immediately? Or is it worth buying Deutsche Telekom?
Analyst conviction remains solid. UBS has reaffirmed its €36.20 price target, while JPMorgan holds an “Overweight” rating with a €40 objective — both implying substantial upside from current levels. The bullish calls rest on expectations of sustained operational improvement, a bet that will be tested on August 6 when the company reports second-quarter numbers. In the first quarter, Deutsche Telekom posted earnings per share of €0.42 (down from €0.58 a year earlier) on revenue of €29.87 billion.
Off the trading floor, a lingering legal overhang from Montenegro persists. The country’s Supreme Court in Podgorica has stated that the statute of limitations has not expired in a bribery case tied to the 2005 privatisation of the local telecom operator, a former Deutsche Telekom subsidiary. The U.S. Securities and Exchange Commission first levelled bribery allegations against the group in 2012. The current proceedings target six individuals, including former Montenegrin president Milo ?ukanovi?. While the case carries no immediate operational consequences for Deutsche Telekom, it remains a source of sporadic headlines.
For now, the convergence of aggressive buybacks, near-term technical resistance and upcoming earnings sets the stage for the next leg in the stock. The 50-day line will be the first real test of whether the recovery has legs or is merely a pause before further pressure.
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