Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Telekom AG    DTE   DE0005557508

DEUTSCHE TELEKOM AG

(DTE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

German shares hit record highs as easing coronavirus fears lift Europe

share with twitter share with LinkedIn share with facebook
share via e-mail
02/11/2020 | 01:03pm EDT
The German share price index DAX graph is pictured at the stock exchange in Frankfurt

German shares hit a record high on Tuesday, leading European stocks to a record too amid hopes the coronavirus outbreak may plateau soon and that the impact on the global economy might not be significant as feared.

Deutsche Telekom jumped nearly 4%, driving the rally in Frankfurt's DAX, after the telecom giant's T-Mobile and wireless carrier Sprint got U.S. approval for a merger initially valued at $26 billion.

Shares in Nordic network equipment makers Nokia and Ericsson also rallied on news of the U.S. approval, helping Europe's technology index <.SX8P> end at its highest in more than 18 years.

The DAX closed up 1% at 13,627.84 with gains across the board. The pan-European STOXX 600 index, which had its highest opening on Tuesday, powered 0.9% higher during the day to set a new closing best.

Globally, sentiment was lifted by the slowing number of new coronavirus cases in China. A top Chinese health adviser's suggestion that the epidemic may plateau in the next few weeks and be over by April further fuelled risk appetite, even as the death toll climbed above 1,000.

Markets have seen several volatile weeks following the news of the virus outbreak as investors worried about the extent of economic disruption.

But the rally feels a little premature, said Craig Erlam, a senior market analyst at Oanda.

"It's more reflective of investors' desire to not miss out on the latest rally, which leaves markets vulnerable to any negative news. Given how rapidly this virus has spread I would say there is more risk for bad news," he said.

Travel company TUI led gains on the STOXX 600, rising 13%, after it raised the lower end of its annual earnings outlook, citing strong holiday demand.

Overall, the travel and leisure sector rose 1.9%. Worries over travel disruptions caused by the virus had led to a heavy sell-off in the sector over the past few weeks.

Other China-exposed firms such as chipmaker ASML and Hong Kong-focused bank HSBC were among the companies giving the STOXX 600 index the biggest boost.

Basic resources stocks rose 1.7% on an uptick in iron ore and base metal prices while energy stocks tracked a rebound in oil prices from 13-month lows. [O/R] [IRONORE/] [MET/L]

But capping gains were shares of NMC Health, which fell 16% after buyout firm KKR said it did not intend to make an offer for the troubled healthcare company. NMC had shot up 24% on Monday after it revealed KKR's approach.

By Susan Mathew

Stocks mentioned in the article
ChangeLast1st jan.
ASML HOLDING N.V. -7.83% 229.5 Delayed Quote.-12.97%
DAX -3.68% 9632.52 Delayed Quote.-24.52%
DEUTSCHE TELEKOM AG -2.26% 11.702 Delayed Quote.-19.68%
ERICSSON AB -2.43% 73.76 Delayed Quote.-7.31%
HSBC HOLDINGS PLC -6.30% 466.55 Delayed Quote.-21.18%
KKR & CO. INC. -4.06% 24.56 Delayed Quote.-15.80%
LONDON BRENT OIL 2.92% 25.760538 Delayed Quote.-59.21%
NMC HEALTH PLC -0.17% 938.4 Delayed Quote.-46.89%
NOKIA OYJ -6.70% 2.681 Delayed Quote.-12.82%
NORDIC GROUP LIMITED -8.89% 0.205 End-of-day quote.0.00%
STOXX EUROPE 600 -3.26% 310.9 Delayed Quote.-22.72%
STOXX EUROPE 600 NR -3.25% 674.81 Delayed Quote.-22.29%
T-MOBILE US -3.44% 81.72 Delayed Quote.4.30%
TUI AG -7.39% 4.122 Delayed Quote.-63.84%
WTI -5.49% 21.8 Delayed Quote.-60.50%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DEUTSCHE TELEKOM AG
03/27MAGYAR TELEKOM TÁVKÖZLESI NYILVÁNOSA : succeeded in the 5G auction procedure - c..
AQ
03/27DEUTSCHE TELEKOM AG : Ex-dividend day for final dividend
FA
03/26DEUTSCHE TELEKOM : and union reach wage agreement - union
RE
03/25Vodafone, Deutsche Telekom, six other telcos to help EU track virus
RE
03/25DEUTSCHE TELEKOM : Living at a distance and lead close
PU
03/20DEUTSCHE TELEKOM AG : Announcement of the Convening of the General Meeting in B..
EQ
03/19T-MOBILE US, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
03/18T-MOBILE US, INC. : Regulation FD Disclosure (form 8-K)
AQ
03/17Can networks cope with millions working from home? So far, yes
RE
03/17DEUTSCHE TELEKOM AG : Notification and public disclosure of transactions by pers..
EQ
More news
Financials (EUR)
Sales 2020 82 447 M
EBIT 2020 12 165 M
Net income 2020 4 616 M
Debt 2020 74 571 M
Yield 2020 5,47%
P/E ratio 2020 12,1x
P/E ratio 2021 10,8x
EV / Sales2020 1,58x
EV / Sales2021 1,47x
Capitalization 55 502 M
Chart DEUTSCHE TELEKOM AG
Duration : Period :
Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | MarketScreener
Technical analysis trends DEUTSCHE TELEKOM AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 16,40  €
Last Close Price 11,70  €
Spread / Highest target 76,9%
Spread / Average Target 40,1%
Spread / Lowest Target -29,1%
EPS Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Christian P. Illek Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE TELEKOM AG-19.68%61 539
VERIZON COMMUNICATIONS-12.80%218 468
NIPPON TELEGRAPH AND TELEPHONE CORPORATION-1.75%90 828
SAUDI TELECOM COMPANY0.85%44 087
BCE INC.-8.64%34 490
EMIRATES TELECOMMUNICATIONS GROUP COMPANY PJSC-16.01%32 534