Reaches its highest level in 23 years thanks to strong growth

Deutsche Telekom shares hit a remarkable 23-year high, climbing 3.7% to 28.87 euros, following impressive quarterly results. The telecommunications giant reported a 3.6% rise in third-quarter revenue, totaling €28.5 billion, while AL adjusted EBITDA jumped 6.4% to 11.1 billion euros. This strong performance, driven largely by the company’s thriving operations in the United States, has propelled Deutsche Telekom to the top spot in German stock market performance rankings.

Optimistic outlook and rewards for shareholders

Analysts express confidence in Deutsche Telekom’s future, projecting earnings per share of €1.79 for 2024 and setting an average price target of €34.21, indicating substantial upside potential. The company’s financial stability is further highlighted by its success in reducing debt below target levels. In response to its strong position, Deutsche Telekom raised its annual operating profit forecast and announced plans to increase dividends to €0.90 per share. Additionally, the telecommunications leader intends to launch a share buyback program worth up to €2 billion, reflecting its confidence in continued growth and commitment to shareholder value. .

Announcement

Deutsche Telekom share: new analysis – November 15

New information about Deutsche Telekom has been released. What is the impact for investors? Our latest independent report examines recent figures and market trends.

Read our updated analysis of Deutsche Telekom…