Deutsche Telekom AG : A medium term support level to take advantage of
Entry price | Target | Stop-loss | Potential |
---|
€13.1 |
€14 |
€12.81 |
+6.87% |
---|
The technical support around 12.81 EUR emanating from daily closing prices could trigger a technical rebound for Deutsche Telekom shares.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 12.88 EUR in weekly data.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 12.81 support.
● The group usually releases upbeat results with huge surprise rates.
● The company is one of the best yield companies with high dividend expectations.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The group shows a rather high level of debt in proportion to its EBITDA.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● The underlying tendency is negative on the weekly chart below the resistance at 15.28 EUR
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