Deutsche Telekom Holds Buy Ratings After Q3 Beat, Even as One Broker Trims Its Target
Published on 11/08/2026 at 16:21 | Editorial boerse-global.de
Deutsche Bank Research reaffirmed its Buy rating on Deutsche Telekom on Thursday following the group's third-quarter 2026 results, keeping a 40-euro price target in place. Goldman Sachs moved the other way a day later, cutting its target to 36 euros from 38 while leaving its Buy recommendation untouched. The split verdict left the stock slightly lower: shares shed 0.8% on Friday to close at 25.98 euros.
Guidance Raised on Both Key Metrics
The quarterly update, released Thursday, showed revenue of 31.1 billion euros, an organic increase of 5.5%. Adjusted EBITDA AL climbed 8.0% on an organic basis to 12.2 billion euros. Management lifted its full-year 2026 outlook in response, now pointing to roughly 47.6 billion euros in adjusted EBITDA AL and about 20.1 billion euros in free cash flow AL.
Shareholders were offered more as well. The company plans a dividend of 1.10 euros per share for the 2026 financial year and announced buybacks of up to 2 billion euros for 2027.
Should investors sell immediately? Or is it worth buying Deutsche Telekom?
Network Test Streak Reaches Fifteen
On the operational side, Deutsche Telekom said Friday it had topped the Computer BILD mobile network test for the 15th time in a row, earning an overall grade of "very good (1.2)." According to the company, it led rival operators on both 5G speed and 5G coverage.
AI Hardware and a Digital Euro Mandate
T-Systems is pursuing energy-efficient AI infrastructure through a partnership with Sparxity. The two signed a memorandum of understanding on Tuesday at the Digital Summit, covering the integration of Sparxity technology into T-Systems data centers. The next chip generation is slated for deployment in Telekom data centers in 2028.
A separate infrastructure win concerns the digital euro. The European Central Bank said on October 30 that it had selected Nexi Payments and Deutsche Telekom Business Solutions as joint network service providers. The contract with the top-ranked provider covers the pilot phase and took effect on September 28.
Dates for the Diary
Deutsche Telekom will publish fourth-quarter and full-year 2026 results on February 25, 2027. Before that, private investors get a live webcast with the head of Investor Relations on November 10, 2026, running from 18:00 to 19:00.
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