Deutsche Telekom Stages Recovery with Buyback Support and T-Mobile US Upgrade
Published on 07/08/2026 at 05:56 | Redaktion boerse-global.de
Deutsche Telekom is clawing its way back from June lows, powered by a twin-engine boost: a €2 billion share buyback program and a bullish analyst call on its US wireless subsidiary. The stock gained over 6% on the week to €25.80, a near-10% recovery from its 52-week trough of €23.54. Yet the year-to-date scorecard still shows a 7% decline, underscoring the challenges ahead.
The bank Barclays trimmed its price target on the Bonn-based group to €36.50 in early July, citing intensifying competition in the US market. But it kept its “Overweight” rating, implying roughly 45% upside from current levels. The consensus among analysts following the stock is even more optimistic, with an average target of €38.19. The disconnect between share price and expert opinion is stark.
Management is putting its money where its mouth is. The latest tranche of the buyback allows for up to €560 million in repurchases through the end of September. Since the program kicked off in April, the company has already bought back over 19 million shares. In just two days at the end of June, it scooped up more than 727,000 shares via Xetra. The steady buying provides a floor for the stock in a rocky market.
Should investors sell immediately? Or is it worth buying Deutsche Telekom?
Across the Atlantic, the US business is delivering fresh momentum. Bank of America upgraded T?Mobile US to “Buy” on Tuesday, lifting its price target to $220. Analysts praised T?Mobile’s strong urban positioning, noting that rivals like Starlink’s satellite network face technical capacity constraints in cities. The upgrade comes as T?Mobile prepares to shut down its legacy 2G network in August 2026, freeing up spectrum for 5G expansion and boosting profitability.
Closer to home, Deutsche Telekom reclaimed top spot in the latest fixed?network test from German magazine Imtest, pushing rival 1&1 off the pedestal. The management attributes the win to years of heavy infrastructure spending, with fiber rollouts now reaching millions of households. The fixed?line victory, combined with the buyback, helps steady nerves while investors await the next catalyst.
Technically, the stock is showing no signs of overheating. The relative strength index sits at around 43, leaving room for further gains before approaching overbought territory. The 200?day moving average, however, remains a distant hurdle at €28.74, suggesting a full?blown uptrend has yet to materialise.
All eyes now turn to August 6, when Deutsche Telekom reports second?quarter earnings. A strong operating result would provide the best opportunity to close the gap between the depressed share price and the lofty analyst targets. Until then, the buyback program and positive signals from T?Mobile US should keep the recovery on track.
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